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54 Điện Biên Group
In this Group: Loan, Oanh, Hà, Loan
Mrs. Loan has a retail business selling food and general household items. She is requesting a loan to purchase materials to maintain the inventory of her general store.

Loan is 40 years old. She is married and has two children. She lives with two dependents in Thanh Hoa City, an urban area in Thanh Hoa province.

She is the leader of a 4-member group, the 54 Điện Biên solidarity group, that is requesting a group loan. This is her first loan with Thanh Hoa Fund for Poor Women.

Loan has been involved in her general store business for six years. The main challenge that she faces in her business is a lack of capital. In the future, Loan hopes for her business to do well, for her family to be healthy and happy, and to make enough money to provide for her children.

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
  • 80
    View loans »
    Vietnam Loans Fundraising
  • $12,414,550
    Funds lent in using Kiva
  • 20,560.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 54 Điện Biên Group's $1,200 loan helped a member to purchase inventory for her general store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2011
Listed
Jul 17, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012