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70 - Thon 1 - Quang Hung Group
In this Group: Hue, Tinh, Hien, Hang, Diep, Huong, Hoa, Tham
Hue P. T. (141) is a 28 year-old female living in the town of Thanh Hoa. Hue is the group leader of a 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 70 - Thon 1 - Quang Hung (18-01-70 Quang Hung).

Hue is married and has 1 infant-aged child. To making a living, Hue owns and operates a business venture 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. Hue has been engaged in this business for over 2 years and earns approximately 1,800,000 VND a month from these activities.

In 2010, Hue 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. Hue is requesting for her first loan from Thanh Hoa Fund for Poor Women. She is requesting a loan of 4,248,000 VND which will be used to purchase baby livestock to raise and sell in the future. The loan will be the 1st loan taken out by the borrower from Thanh Hoa Fund for Poor Women. Hue plans to use the additional revenue generated from the business to improve/expand her business.

About the Other Borrowers in the Group:

1. N. T. Tinh (142) is a 21 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. N. T. Hien (143) is a 46 year-old female who is requesting a 4,428,000 VND loan to support her business in the food sector running a food stall.

3. N. T. Hang (144) is a 48 year-old female who is requesting a 4,248,000 VND loan to support her business in the retail sector running a general store.

4. N. T. Diep (145) is a 29 year-old female who is requesting a 4,248,000 VND loan to support her business in the services sector operating a service-based business.

5. N. T. Huong (146) is a 50 year-old female who is requesting a 4,428,000 VND loan to support her business in the retail sector running a general store.

6. T. H. Hoa (147) is a 20 year-old female who is requesting a 4,248,000 VND loan to support her business in the retail sector running a general store.

7. N. T. Tham (148) is a 27 year-old female who is requesting a 4,248,000 VND loan to support her business in the retail sector running a general store.

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

  • $5,600
    Average annual income
  • 81
    View loans »
    Vietnam Loans Fundraising
  • $14,427,750
    Funds lent in using Kiva
  • 19,489.9
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 70 - Thon 1 - Quang Hung Group's $1,750 loan helped a member to purchase baby livestock to raise and sell in the future.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012