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03 Tây Sơn 3 Phú Sơn 2 Thanh Hoa Group
In this Group: Quỳnh, Lý, Liên, Vinh, Mai, Hải*
* not pictured
Mrs Quỳnh has a service business cutting hair. She is requesting a loan to maintain her hair cutting shop.

Quỳnh is 29 years old and she is married. She has 2 children.
She is the leader of a 6-member group, the 03 Tây Sơn 3 Phú Sơn 2 solidarity group.
Quỳnh lives with her 2 dependents in Thanh Hoa city, a urban town in Thanh Hoa province.

This is Quỳnh first loan with Thanh Hoa Fund of Poor Women.
Quỳnh has been involved in this business for 4 years.
The main harship that Quỳnh faces in her business is the lack of capital.

With her business profit, Quỳnh hopes to build a new house, to buy a motorbike, and for her family to be healthy and happy.

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
  • 124
    View loans »
    Vietnam Loans Fundraising
  • $13,354,625
    Funds lent in using Kiva
  • 21,009.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 03 Tây Sơn 3 Phú Sơn 2 Thanh Hoa Group's $1,125 loan helped a member to maintain her hair cutting shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012