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004-Quảng Hưng Group
In this Group: Thuỷ, Ngân, Minh, Nghìn
"Thuỷ Lê Thị is thirty-nine years old and lives in the town of Thanh Hoá. She is the leader of a four-member group loan offered by the Thanh Hoa Fund for Poor Women, a partner of Save the Children, which in turn is a Kiva field partner. While each member of the group receives an individual loan, they all are responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is 004-Quảng hưng.

Thuỷ is married and has three school-age children. To make a living, she owns and operates a business raising cattle for sale. Thuỷ has been engaged in this business for over six years and earns approximately $87 a month from these activities.

In 2005, Thuỷ joined the Thanh Hoa Fund for Poor Women to gain access to financial services to help improve her living situation through engaging in business activities. She has successfully repaid a previous loan of 3.079.800 VND from Thanh Hoa Fund for Poor Women. This loan was used to purchase baby livestock to raise and sell in the future. She is now requesting a new loan of 6.000.000 VND, which will be used to purchase more baby livestock. This will be her seventh loan from Thanh Hoa Fund for Poor Women. Thuỷ plans to use the additional revenue generated from the business to supplement the family's income.

About the Other Borrowers in the Group:

1. N. Thị Ngân is twenty-eight years old and is requesting a 6.000.000 VND loan to support her business in the agriculture sector, raising livestock.

2. H. Thị Minh is fifty-nine years old and is requesting a 6.000.000 VND loan to support her business in the agriculture sector, raising livestock.

3. Lê Thị Nghìn is fifty-nine years old is requesting a 6.000.000 VND loan to support her business in the agriculture sector, raising livestock.


About Thanh Hoa Fund for Poor Women:

The mission of the Fund for Thanh Hoa Poor Women (FPW) is to provide sustainable financial services to disadvantaged women in rural areas in the Thanh Hoa province.


*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in Vietnamese while providing quality and accurate information to Kiva lenders.

Additional Information

About Thanh Hoa Fund for Poor Women (FPW)

Thanh Hoa Fund for Poor Women (FPW) works to provide credit to women and their families in the central Vietnamese province of Thanh Hoa, one of the poorest regions of the country. The institution's target clients are poor and low-income women who have the ability to work but lack the capital. Accordingly, FPW prioritizes single mothers, low-income women with children who have dropped out of primary school, and Viet Nam’s poorest women who cannot access any formal financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Vietnam

  • $725
    Average annual income
  • 116
    View loans »
    Vietnam Loans Fundraising
  • $13,209,075
    Funds lent in using Kiva
  • 17,760.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 004-Quảng Hưng Group's $1,375 loan helped a member to buy baby livestock to raise and sell in the future.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2009
Listed
Jul 14, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011