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050207-Trung Trieu-Hoang Phong Group
In this Group: Thai, Mai, Lan, Dung, Tung, Truyen, Tuyet
"Thai L. T. (36) is a 55 year-old woman living in the town of H. Hoa. Thai is the group leader of a 7-member group loan offered by Thanh Hoa Fund for Poor Women. WhiL. each member of the group receives an individual loan, they all are responsibL. for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is 050207-Trung Trieu-H. Phong (050207-Trung Trieu-H. Phong).

Thai is married and has 3 adult -aged children. To making a living, Thai operates a family member's business venture in the agriculture sector raising livestock. WhiL. not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for saL.. Thai has been engaged in this business for over 25 years and earns approximately 1000000 VND a month from these activities.

In 2005, Thai 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. Thai has successfully repaid a previous loan of 3079800 VND from Thanh Hoa Fund for Poor Women. This previous loan was used to purchase breeding livestock. She is now requesting a new loan of 5000000 VND which will be used to invest in expanding the business. The loan will be the 6th loan taken out by the borrower from Thanh Hoa Fund for Poor Women. Thai plans to use the additional revenue generated from the business to improve/expand the business.

About the Other Borrowers in the Group:

1. Mai H. T. (42) is a 50 year-old femaL. who is requesting a 5000000 VND loan to support her business in the agriculture sector raising livestock.

2. Lan H. T. (40) is a 36 year-old femaL. who is requesting a 5000000 VND loan to support her business in the agriculture sector raising livestock.

3. Dung N. T. (46) is a 34 year-old femaL. who is requesting a 5000000 VND loan to support her business in the agriculture sector raising livestock.

4. Tung L. T. (45) is a 51 year-old femaL. who is requesting a 5000000 VND loan to support her business in the agriculture sector raising livestock.

5. Truyen L. T. (34) is a 52 year-old femaL. who is requesting a 5000000 VND loan to support her business in the food sector operating a fishing business.

6. Tuyet H. T. (41) is a 52 year-old femaL. who is requesting a 5000000 VND loan to support her business in the agriculture sector raising livestock.

About Thanh Hoa Fund for Poor Women:
The mission of Fund for Thanh Hoa Poor Women (FPW) is to provide sustainabL. 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 whiL. 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

  • $5,600
    Average annual income
  • 196
    View loans »
    Vietnam Loans Fundraising
  • $14,213,925
    Funds lent in using Kiva
  • 19,488.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 050207-Trung Trieu-Hoang Phong Group's $1,800 loan helped a member to invest in expanding the business.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2010
Listed
Sep 22, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012