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04.01.05-Hai Son Hoang Truong Group
In this Group: Bình, Thủy, Thơm, Loan, Thanh, Hòa, Tròn
Bình Lê thị is a 53-year-old woman living in the town of Hoang Hoa. Her main source of income comes from operating a family member's business harvesting and selling wild-caught fish in her community. Bình is married and has four grown-up children. Bình has been in this business for over 33 years and earns approximately 1,500,000 dong (VND) a month.

In 2004, Bình 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. Bình has successfully repaid a previous loan of 597,000 VND from Thanh Hoa Fund for Poor Women which was used to purchase fishing equipment including hooks and nets. She is now requesting a new loan of 3,079,800 VND which will be used to purchase more fishing equipment including hooks and nets. This will be her third loan from Thanh Hoa Fund for Poor Women. Bình plans to use the additional revenue generated from the business to improve the general living conditions of her family.

Bình is the leader of a seven 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 "04.01.05-Hai Son-Hoang Truong".
No. 04.01.05 Hai Son Hoang Truong

About the Other Borrowers in the Group:
1. Lê thị Thủy (71) is a 33-year-old woman who is requesting a 3,079,800 VND loan to support her business operating a fishing business.

2. Lê thị Thơm (69) is a 24-year-old woman who is requesting a 3,079,800 VND loan to support her business operating a fishing business.

3. N. thị Loan (70) is a 41-year-old woman who is requesting a 3,079,800 VND loan to support her business operating a fishing business.

4. P. thị Thanh (72) is a 29-year-old woman who is requesting a 3,079,800 VND loan to support her business operating a fishing business.

5. P. thị Hòa (73) is a 27-year-old woman who is requesting a 3,079,800 VND loan to support her business operating a fishing business.

6. Lê thị Tròn (67) is an 18-year-old woman who is requesting a 3,079,800 VND loan to support her business operating a fishing business.

About Thanh Hoa Fund for Poor Women:
The mission of 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 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.

About Vietnam

  • $725
    Average annual income
  • 122
    View loans »
    Vietnam Loans Fundraising
  • $13,319,900
    Funds lent in using Kiva
  • 19,095.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 04.01.05-Hai Son Hoang Truong Group's $1,150 loan helped a member to purchase fishing equipment including hooks and nets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011