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13 Thành Xuân Hoằng Trường Group
In this Group: Mai, Hiền, Mùi, Duyên, Tuyết, Thơm, Thuỷ
Mai is 33 years old. She is married and has three children. Mai lives in the Hoang Hoa district, a rural town in Thanh Hoa province.

She is the leader of a seven-member group, the 13 Thành Xuân Hoằng Trường solidarity group.

In 2004, Mai joined Thanh Hoa Fund for Poor Women to improve her business. Mai has successfully repaid seven loans from Thanh Hoa Fund for Poor Women.

Mai operates a food stall, selling fish. Mai has been involved in this business for more than 10 years. The main hardships that Mai faces in her business are natural disasters and droughts. She is requesting a loan to purchase more supplies and equipment for her business.

In the future, Mai hopes to buy more land, to maintain her business, and to be happy and healthy.

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
  • 112
    View loans »
    Vietnam Loans Fundraising
  • $14,461,025
    Funds lent in using Kiva
  • 20,830.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 13 Thành Xuân Hoằng Trường Group's $1,975 loan helped a member to purchase more supplies and equipment for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2011
Listed
Sep 4, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012