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03.08.07-Tây Xuân Vi-Hoằng Thanh-Hoằng Hoá Group
In this Group: Tý, Nhung, Vân, Hoan, Tùng, Thoa, Thu*
* not pictured
Tý has a retail business selling medication. She is requesting a loan to purchase more medication to resell. Tý has been involved in this business for 5 years. The main harship that Tý faces in her business is the lack of capital.

Tý is 28-years-old and she is married with 1 child. She lives and works in Hoằng Hóa district, a rural area in Thanh Hoa province. She is the leader of a 7-member group, the 030807-Tây Xuân Vi-Hoằng Thanh-Hoằng Hoá solidarity group.

In 2010, Tý joined Thanh Hoa Fund for Poor Women to improve her business. Tý has successfully repaid 2 loans from Thanh Hoa Fund for Poor Women.

In the future, Tý hopes for her business to do well, to make enough money to provide for her kids, and to buy more land for her own.

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
  • 123
    View loans »
    Vietnam Loans Fundraising
  • $13,015,875
    Funds lent in using Kiva
  • 21,011.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 03.08.07-Tây Xuân Vi-Hoằng Thanh-Hoằng Hoá Group's $1,075 loan helped a member to purchase more medication to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2011
Listed
Dec 17, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012