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03.4 .63-Quảng Hưng Thanh Hoa Group
In this Group: Lý, Thương, Lan, Chung, Mai
Mrs Lý has a business tailoring clothes. She is requesting a loan to invest in her business.

Lý is 32 years old and she is married with two children. Lý is the group leader of the 03.4.63-Quảng Hưng solidarity group, which consists of five members. She lives and works in Thanh Hoa city, a semi-urban area in Thanh Hoa province, with two dependents.

In 2010, Lý joined Thanh Hoa Fund for Poor Women to improve her business. Lý has successfully repaid two loans from Thanh Hoa Fund for Poor Women. Lý has been involved in this business for five years. The main hardship that Lý faces in her business is the lack of capital.

Lý hopes for her business to do well. With her business profit, she hopes to make her family healthy and happy and to build a new house.

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
  • 21
    View loans »
    Vietnam Loans Fundraising
  • $12,540,600
    Funds lent in using Kiva
  • 21,005.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 03.4 .63-Quảng Hưng Thanh Hoa Group's $1,275 loan helped a member to purchase machines to do tailoring of clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2011
Listed
Nov 17, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012