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02.08.1.10 Group
In this Group: Huong, Le, Nam , Hue, Thanh, Nguyet, No, Que
Huong N. T. is a 46 year-old female living in the town of Thanh Hoa. Huong is the group leader of an 8-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 02.08.1.10 Nam Ngan.


Huong is married and has 2 adult -aged children. To making a living, Huong owns and operates a business venture in the agriculture sector raising crops. The main source of income for the business comes primarily from planting and harvesting fruits and vegetables for sale. Huong has been engaged in this business for over 6 years and earns approximately 2,000,000 VND a month from these activities.


In 2010, Huong 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. Huong has successfully repaid a previous loan of 1,963,500 VND from Thanh Hoa Fund for Poor Women. This previous loan was used to purchase additional seeds, seedlings and young crops. She is now requesting a new loan of 4,248,000 VND, which will be used to purchase additional seeds, seedlings and young crops to raise. The loan will be the second loan taken out by the borrower from Thanh Hoa Fund for Poor Women. Huong plans to use the additional revenue generated from the business to supplement the family's income.


About the Other Borrowers in the Group:


1. N. T. Le is a 55 year-old female who is requesting a 4,248,000 VND loan to support her business in the food sector running a food stall.


2. H. T. Nam is a 44 year-old female who is requesting a 4,248,000 VND loan to support her business in the food sector making and selling food.


3. D. T. Hue is a 45 year-old female who is requesting a 4,248,000 VND loan to support her business in the food sector making and selling food.


4. N. T. Thanh is a 47 year-old female who is requesting a 4,248,000 VND loan to support her business in the food sector running a food stall.


5. T. T. Nguyet is a 35 year-old female who is requesting a 4,248,000 VND loan to support her business in the food sector making and selling food.


6. V. T. No is a 61 year-old female who is requesting a 4,248,000 VND loan to support her business in the food sector running a food stall.


7. N. T. Que is a 38 year-old female who is requesting a 4,248,000 VND loan to support her business in the food sector running a food stall.


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
  • 146
    View loans »
    Vietnam Loans Fundraising
  • $13,231,625
    Funds lent in using Kiva
  • 19,485.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 02.08.1.10 Group's $1,750 loan helped a member to purchase additional seeds, seedlings & young crops to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2010
Listed
Nov 17, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011