030635- Quang Trung - Hoang Thanh- Hoang Hoa Group
N. is married and has 2 school-aged children. To making a living, N. owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising cattle for sale. N. has been engaged in this business for over 4 years and earns approximately 800000 VND a month from these activities.
In 2006, N. joined Thanh Hoa Fund for Poor Women to gain access to financial services to help improve her living situation and ability to engage in business activities. N. 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 young livestock to raise & sell in future. She is now requesting a new loan of 4248000 VND which will be used to purchase baby livestock to raise & sell in future. The loan will be the 12th loan taken out by the borrower from Thanh Hoa Fund for Poor Women. N. plans to use the additional revenue generated from the business to improve/expand the business.
About the Other Borrowers in the Group:
1. Lê thị L. (77) is a 32 year-old female who is requesting a 4.248.000 VND loan to support her business in the agriculture sector raising livestock.
2. Lê thị T. (64) is a 48 year-old female who is requesting a 4.248.000 VND loan to support her business in the food sector running a food stall.
3. Hồ thị H. (107) is a 53 year-old female who is requesting a 4.248.000 VND loan to support her business in the manufacturing sector operating a manufacturing business.
4. Chu thị
About Thanh Hoa Microfinance Institution Limited Liability (Thanh Hoa MFI)Thanh Hoa MFI 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, Thanh Hoa MFI 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.
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Success!! The loan was 100% repaid