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17 Ngô Quyền Group
In this Group: Lan, Nga, Thái, Huệ, Khuyên*, Vân
* not pictured
Mrs. Lan has a business tailoring clothes. She is requesting a loan to purchase materials to maintain her business. Lan is 37 years old and married with two children. Lan lives with two dependents in Thanh Hoa City, an urban town in Thanh Hoa province. Lan has been involved in her business for five years. The main hardship that Lan faces in her business is lack of capital.

In 2009, Lan joined Thanh Hoa Fund for Poor Women to improve her business. Lan has successfully repaid one loan from Thanh Hoa Fund for Poor Women. With her business profit, Lan hopes to make enough money to provide for her kids. She wants her children to do well in school and for her business to do well.

Mrs. Lan is the leader of a six member group, the 17 Ngô Quyền Solidarity Group.

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
  • 88
    View loans »
    Vietnam Loans Fundraising
  • $14,417,025
    Funds lent in using Kiva
  • 20,560.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 17 Ngô Quyền Group's $1,800 loan helped a member to purchase materials for tailoring clothes.
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