16-nam Ngạn Ii Group

Thank you for your loan. It has been disbursed to the Ngân Đào Thị group, consisting of Ngân Đào Thị, Đức Lê Thị, Vân Lê Thị, Vinh Lê Thị, Kim Lê Thị by Fund for Thanh Hoa Poor Women (TCVM), a partner of Save the Children in Viet Nam. We are excited to watch this business grow. Over the next 5 months, Fund for Thanh Hoa Poor Women (TCVM), a partner of Save the Children will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Chị Đào Thị Ngân sinh năm 1958 ,chồng chị là anh Vũ Viết Khôi ,gia đình anh chị sống ở phố Nam Ngạn II ,phường Nam Ngạn ,Thành Phố Thanh Hóa .Gia đình trước kia chỉ làm ruộng và chăn nuôi thêm lợn, gà .Thu nhập chỉ đạt 1.500.000VNĐ ~ 900 USD .Anh chị quyết định tham gia vay vốn để đầu tư vào việc mua vật liệu ( sĩ vôi, than đã qua đốt , gạch vỡ ... ) Để đóng thành viên gạch sĩ .Vật liệu mua để đóng gạch 600 VNĐ/ 1 viên (~ 0.03 USD/) viên ,bán ra 1.000 VNĐ (~ 0.05 USD) .gia đình anh chị 1 tháng sản xuất được 1.000 viên . Nhóm của chị gồm 5 thành vên cả nhóm đều vay ở mức vốn 1.626.900 VND (~951 USD). Chị Lê Thị Đức vay vốn để đầu tư vào việc chăn nuôi gà ,vịt. Chị Lê Thị Vân dùng vốn vay đầu tư vào việc mua xe công nông cho chồng chở hàng . Chị Lê Thị Vinh dùng vốn vay đầu tư vào việc bán hàng ăn sáng . Chị Lê Thị Kim Dùng vốn vay đầu tư thêm vào cửa hàng bán hàng Tạp hóa.các chị đều sử dụng vốn vay có hiệu quả.

Dear Lender,

Thank you for supporting the Fund for Thanh Hoa Poor Women!

The Fund for Thanh Hoa Poor Women (FPW) is a relatively new partner to the Kiva platform, having posted its first loan in November 2008. Since then, FPW staff have worked diligently to integrate Kiva into their operations and we are happy to announce that FPW has recently been approved for active field partner status on Kiva! Expect to see an increase in FPW activity on Kiva.org over the next few months.

Since February 2009, I have been serving in Thanh Hoa as a Kiva Fellow, assisting FPW through this process. Now that I’m at the end of my fellowship, I would like to share a simple revelation. What I have discovered through meeting and speaking with the borrowers here is that although the current financial crisis may suggest otherwise, finance, and in this case microfinance, in Thanh Hoa, is not always that dramatic. I am not leaving here as expected, with hallmark stories of adversities conquered, but I have met real women and seen how these simple, elegant loans return to them a small but significant power.

The need and impact of micro loans is known to differ from borrower to borrower. FPW’s clients represent women with differing circumstances and vary in the degree to which their loans have impacted their life. This microfinance mosaic of users, uses and value is well represented by the women from Group 41 Quang Hung, one of the first groups that I visited in Thanh Hoa.

Ms. Vũ Thị Kim Chung is the leader of Group 41 Quang Hung Commune and represents one end of the spectrum. Ms. Chung, like most Vietnamese women, engages in multiple income producing activities. She is primarily a worker in Le Mon Industrial Zone, working 18-20 days a month, transporting fertilizer on and off train cars and earning a relatively high income of ~1.800.000 VND ($103 USD) per month. The work is hard and she sounds like someone who understands the weight of world finances when she states plainly that “it’s a job” and she’s grateful for it. Although her family could survive without any additional income, Ms. Chung still chose to take out a loan and increase her workload voluntarily to, on a good day, earn an additional ~60.000 VND ($3.50 USD) by selling fruit and raising animals.

On the other end of the spectrum, you have Ms. Hương Nguyễn Thị. Ms. Hương lives in the same commune as Ms. Chung but her economic position is quite different. Ordinarily, she works in her family’s woodworking shop and raises animals for resale. Together, the family is able to generate sufficient income. This past year, however, her family has faced extraordinary circumstances, with her eldest son (aged 4) falling ill with an ocular condition in April 2008. The family traveled to Hanoi for treatment, only to find that their son was too young to have the surgery. Although her son’s base medical expenses were covered by the government, the costs of transportation, accommodation and food were left to the family. Her previous loans from FPW and this most recent loan from Kiva have helped her and her family manage these sudden expenses.

Reflecting on the two loans above, Ms. Hương’s story is more akin to those you read in Muhammad Yunus’s books, but Ms. Chung’s story is the norm here at FPW. The loan has not saved her from starvation, homelessness or illness, but has simply given her the option to earn a little more. Though a seemingly small return on her investment, it represents her hard work and most importantly, access to the resources and right to earn it.

Thank you again for providing the capital to lend to women in Thanh Hoa! Please consider lending to one of the currently fundraising loans from FPW.