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7 Phú Sơn 2 Group
In this Group: Minh, Chung, Bích Ngọc, Thu, Nhàn, Sau, Mùi
Minh has a manufacturing business making wooden furniture. She is requesting a loan to invest in her business by purchasing more materials.

Minh is 41 years old and is married with two children. She is the leader of a 7-member group, the 7 Phú Sơn 2 solidarity group. She lives with one dependant in Thanh Hoa City, an urban town in Thanh Hoa province.

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

With her business profit, Minh hopes for her business to do well, to buy a motorbike, and for her children to do well in school.

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
  • 29
    View loans »
    Vietnam Loans Fundraising
  • $12,528,800
    Funds lent in using Kiva
  • 20,750.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 7 Phú Sơn 2 Group's $1,325 loan helped a member to purchase more materials to make furniture.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 15, 2011
Aug 22, 2011
Currency Exchange Loss:
Mar 15, 2012