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3.1.62 Quảng Hưng Thanh Hoa Group
In this Group: Len, Xuyên, Liền , Vinh, Giang, Thúy
Mrs Len operates a food stall selling vegetables. She is requesting a loan to purchase vegetables for resale.

Len is 57 years old and is married with 2 children.
She is the leader of a 6-member group, the 3.1.62 Quảng Hưng solidarity group.
Len lives with 2 dependents in Thanh Hoa city, an urban town in Thanh Hoa province.

In 2010, Len joined Thanh Hoa Fund for Poor Women to improve her business. Len has successfully repaid 2 loans from Thanh Hoa Fund for Poor Women.
Len has been involved in this business for 2 years.
The main hardship she faces in her business is lack of capital.

With her business profits, Len hopes for her children to find a good job, for her family to be healthy and happy, and to remodel her house.

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
  • 169
    View loans »
    Vietnam Loans Fundraising
  • $13,311,100
    Funds lent in using Kiva
  • 21,005.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 3.1.62 Quảng Hưng Thanh Hoa Group's $1,525 loan helped a member to purchase vegetables for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012