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15 Tây Hải _ Hoằng Thanh _ Hoằng Hoá Group
In this Group: Xinh, Tuyên, Hoa, Bình, Hoàn, Viết, Hằng*
* not pictured
Ms. Xinh is applying for a loan to improve her business. She operates a food stall selling fish. Xinh is 47 years old and she is married with two children. She is the leader of a 7-member group, the 15 Tây Hải _ Hoằng Thanh _ Hoằng Hoá solidarity group. She lives and works in Hoang Hoa district, a rural area in Thanh Hoa province, with her two dependents.

In 2004, Xinh joined Thanh Hoa Fund for Poor Women to improve her business. Xinh has successfully repaid one loan from Thanh Hoa Fund for Poor Women. Xinh has been involved in this business for more than 10 years. The main hardship that Xinh faces in her business is the lack of capital.

With her business profit, Xinh hopes to make enough money to provide for her kids, for her business to do well, and to be able to buy more supplies and equipment for her business.

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
  • 128
    View loans »
    Vietnam Loans Fundraising
  • $13,738,050
    Funds lent in using Kiva
  • 20,540.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 15 Tây Hải _ Hoằng Thanh _ Hoằng Hoá Group's $2,050 loan helped a member to purchase fishing-net to catch fish for sale.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2011
Listed
Jun 29, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013