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79 Quảng Hưng Group
In this Group: Nụ, Liên, Tâm
Nụ N. Thị is a 22 year-old female who lives in the town of Thanh Hoá. She is the group leader of a three-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 79 Quảng Hưng (18-05-79 Quảng Hưng).

Nụ is married and has one infant-aged child. To making a living, she owns and operates a general store. Nu’s main source of income comes from selling daily use products such as shampoo, soap, and toothpaste in the local community. She has been engaged in this business for over three years and earns approximately 3,000,000 VND a month.

Nụ joined Thanh Hoa Fund for Poor Women in 2011 to gain access to financial services to help improve her living situation and ability to engage in business activities. Nu is requesting a loan of 4,248,000 VND to purchase additional products to sell. This is her first loan from Thanh Hoa Fund for Poor Women. Nụ plans to use the additional revenue generated with her loan to improve the general living conditions of her family.

About the Other Borrowers in the Group:

1. H. Thị Liên is an 18 year-old female who is requesting a 4,248,000 VND loan to support her business making and selling food.

2. N. Thị Tâm is a 33 year-old female who is requesting a 4,248,000 VND loan to support her 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 Fund for Poor Women (FPW)

Thanh Hoa Fund for Poor Women (FPW) 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, FPW 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
  • 124
    View loans »
    Vietnam Loans Fundraising
  • $13,216,325
    Funds lent in using Kiva
  • 20,905.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 79 Quảng Hưng Group's $625 loan helped a member to purchase additional products to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2011
Listed
Apr 23, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012