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1 Phú Sơn 2 Group
In this Group: Liễu , Hợp, Nhân*, Hương, Mai, Lê, Phương
* not pictured
Mrs. Liễu has a service business providing housing rentals. She is requesting a loan to purchase materials to build a house for rent.

Liễu is 47 years old and she is married with three children. She is the leader of a 7-member group, the 1 Phú Sơn 2 solidarity group. Liễu lives with her three dependents in Thanh Hoa city, an urban town in Thanh Hoa province.

This is Liễu's first loan with Thanh Hoa Fund for Poor Women. Liễu has been involved in this business for more than 10 years. The main hardship that Liễu faces in her business is the lack of capital.

In the future, Liễu hopes to make enough money to provide for her kids, to buy more land of her own, and to maintain her business.

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
  • 68
    View loans »
    Vietnam Loans Fundraising
  • $12,926,025
    Funds lent in using Kiva
  • 20,750.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 1 Phú Sơn 2 Group's $1,325 loan helped a member to purchase materials to build a house for rent.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2011
Listed
Aug 21, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012