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020906-Hoằng Đông Hoang Hoa Group
In this Group: Huệ, Lương, Tới*, Đàm, Hiền, Loan
* not pictured
Mrs. Huệ works in agriculture raising poultry and cattle. She is requesting a loan to purchase baby poultry to raise to sell in the future.

Huệ is 32 years old and she is married with two children. She is the leader of a six-member group, the 06 Hoằng Đông solidarity group.
She lives and works in Hoang Hoa district, a rural area in Thanh Hoa province, with two dependents.

In 2009, Huệ joined Thanh Hoa Fund for Poor Women to improve her business. Huệ has successfully repaid two loans from Thanh Hoa Fund for Poor Women. Huệ has been involved in this business for five years. One of the most critical business difficulties that concerns her is the lack of capital.

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

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
  • $14,194,975
    Funds lent in using Kiva
  • 21,005.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 020906-Hoằng Đông Hoang Hoa Group's $1,525 loan helped a member to purchase poultry to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 10, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012