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06.02.03 Đông Vệ Thanh Hoa Group
In this Group: Liên, Thắm, Thu
Liên is 37 years old and married with 2 children. Liên lives with 2 dependents in Thanh Hoa city, a semi-urban town in the Thanh Hoa province. Mrs Liên has a stall selling votive objects (objects displayed or deposited in a sacred place for broadly religious purposes). Liên has been involved in this business for more than 10 years. One of the most critical business difficulties that concerns her is the lack of capital. She is requesting a loan to purchase materials to make votive objects for sale. With her business profit, Liên hopes for her children to do well in school, to remodel her house, and for her family to be healthy and happy.

Liên is the group leader of the 06.02.03 Đông Vệ solidariy group, which consists of 3 members. In 2010, Liên joined Thanh Hoa Fund for Poor Women to improve her business. Liên has successfully repaid 1 loans from Thanh Hoa Fund for Poor Women.

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

  • $725
    Average annual income
  • 118
    View loans »
    Vietnam Loans Fundraising
  • $13,354,625
    Funds lent in using Kiva
  • 21,007.2
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 06.02.03 Đông Vệ Thanh Hoa Group's $775 loan helped a member to purchase materials to make votive objects (offerings) for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2011
Listed
Nov 12, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012