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020304-Bac Son-Hoang Phu Group
In this Group: Thu, Hoa, Nga, Thuy, Nhi, Thuy
Thu M. T. is a 39 year-old female living in the town of Hoang Hoa. Thu is the group leader of a six-member group loan offered by Thanh Hoa Fund for Poor Women. While each member of the group receives an individual loan, they all 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 020304-Bac Son-Hoang Phu.

Thu is married and has two school-aged children. To making a living, Thu operates a family member's fishing business. While not the only means for generating revenue, the main source of income for the business comes primarily from harvesting and selling wild-caught fish in the local community. Thu has been engaged in this business for over 19 years and earns approximately 2,000,000 VND a month.

In 2008, Thu 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. Thu 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 additional fish to sell. She is now requesting a new loan of 6,000,000 VND, which will be used to repair a transport vehicle used in the business. The loan will be the third loan taken out by Thu from Thanh Hoa Fund for Poor Women. Thu plans to use the additional revenue generated from the business to improve and expand the business.

About the Other Borrowers in the Group:

1. Hoa T. M. is a 43 year-old female who is requesting a 6,000,000 VND loan to support her business in the retail sector selling home products.

2. Nga N. T. is a 29 year-old female who is requesting a 6,000,000 VND loan to support her business in the food sector making and selling food.


3. Thuy T. T. is a 38 year-old female who is requesting a 6,000,000 VND loan to support her business in the food sector making and selling food.

4. Nhi N. T. is a 38 year-old female who is requesting a 6,000,000 VND loan to support her business in the food sector making and selling food.

5. Thuy P. T. is a 32 year-old female who is requesting a 6,000,000 VND loan to support her business in the food sector making and selling food.


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
  • 147
    View loans »
    Vietnam Loans Fundraising
  • $13,311,100
    Funds lent in using Kiva
  • 19,490.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 020304-Bac Son-Hoang Phu Group's $1,850 loan helped a member to repair a transport vehicle used in the business.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2010
Listed
Oct 28, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012