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001-Quảng Hưng Group
In this Group: Huệ, Thu, Thuỷ, Dung, Hồng, Sinh
Huệ Lê Thị's main source of income comes from operating a family member's business raising pigs for sale. She is a 60-year-old woman living in the town of Thanh Hoá. Huệ is married and has three adult children. Huệ has been in this business for over 10 years and earns approximately 1,500,000 VND a month.


In 2005, Huệ joined Thanh Hoa Fund for Poor Women to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Huệ has successfully repaid a previous loan of 3,079,800 VND from Thanh Hoa Fund for Poor Women. This previous loan was used to purchase livestock to raise and sell. She is now requesting a new loan of 6,000,000 VND which will be used to purchase more livestock to raise and sell. This will be her eighth loan from Thanh Hoa Fund for Poor Women. Huệ plans to use the additional revenue to supplement her family's income. (32)


Huệ is the leader of a six member group accessing a loan offered by Thanh Hoa Fund for Poor Women. While each member of the group receives an individual loan, they are all 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 001-Quảng Hưng (18.04.001).


About the Other Borrowers in the Group:
1.

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
  • 67
    View loans »
    Vietnam Loans Fundraising
  • $12,974,825
    Funds lent in using Kiva
  • 17,105.0
    Vietnam Dong (VND) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of 001-Quảng Hưng Group's $2,125 loan helped a member to purchase livestock.
99% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2009
Listed
Aug 12, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2011