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06.01.15 Đông Vệ Thanh Hóa Group
In this Group: Lan, Hương, Hiền, Nhung, Oanh
Lan is 52 years old and she is married with 2 children. She lives and works in Thanh Hoa City, an urban area in Thanh Hoa Province. Lan is the leader of a 5-member group, named the 15 Đông Vệ Solidarity Group. She operates a stall where she sells clothing, a business in which she has been involved for more than 10 years. Lan’s main business hardship is a lack of capital.

In 2011, Lan joined Kiva partner Thanh Hoa Fund for Poor Women to improve her business. She is requesting a loan to purchase more clothing for resale. Lan has successfully repaid two previous loans from Thanh Hoa Fund for Poor Women. She hopes to build a house with her business profits. Also, Lan hopes for her business to do well and for her family to be healthy and happy.

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
  • 192
    View loans »
    Vietnam Loans Fundraising
  • $14,187,950
    Funds lent in using Kiva
  • 20,840.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 06.01.15 Đông Vệ Thanh Hóa Group's $1,275 loan helped a member to purchase more clothing for her resale business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2011
Listed
Oct 12, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012