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03.12.102.tt Vạn Hà Group
In this Group: Hiền , Tâm, Hiền, Hoà, Thảo
Mrs Hiền has a retail business selling clothes. She is requesting a loan to purchase clothing to resell. Hiền is 29 years old and she is married with one child. Hiền is the group leader of the 102.TT Vạn Hà solidarity group, which consists of five members. She lives and works in Thiệu Hoá district, a rural area in Thanh Hoa province, with one dependent.

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

With her business profit, Hiền hopes to buy land of her own, to be able to buy more supplies and equipment for her business, and to make enough money to provide for her kids.

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
  • 78
    View loans »
    Vietnam Loans Fundraising
  • $12,414,550
    Funds lent in using Kiva
  • 20,900.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 03.12.102.tt Vạn Hà Group's $950 loan helped a member to purchase clothing to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2011
Listed
Oct 23, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012