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02.13.1.1Nam Ngạn Group
In this Group: Quyên, Nghĩa, Thủy, Liên
Quyên Ngô Thị's main source of income comes from providing hairdressing and beauty services to members of her community. Quyên (1) is a 34-year-old woman living in the town of T. Hóa. She is married and has two school-age children. Quyên has been in her business for over 10 years and earns approximately 2.500.000 dong (VND) a month.


In 2009, Quyên joined T. 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. Quyên has successfully repaid a previous loan of 1.626.900 VND from T. Hoa Fund for Poor Women. This previous loan was used to purchase materials needed to provide her services. She is now requesting a new loan of 6.000.000 VND which will be used to purchase materials needed for her business. This will be her second loan from T. Hoa Fund for Poor Women. Quyên plans to use the additional revenue to improve the general living conditions of her family.


Quyên is the leader of a four member group accessing a loan offered by T. Hoa Fund for Poor Women. While each member of the group receives an individual loan, they 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 13.1.1 Nam Ngạn (02.13.1.1).


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
  • 21
    View loans »
    Vietnam Loans Fundraising
  • $12,540,600
    Funds lent in using Kiva
  • 18,490.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 02.13.1.1Nam Ngạn Group's $1,300 loan helped a member to purchase materials needed for a beauty salon.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 8, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011