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05.12.44 Điện Biên Group
In this Group: Hòe, Hà, Nhâm, Thủy, Hà
Mrs. Hòe has a retail business selling dry food. She is requesting a loan to purchase materials to make the processed food to seto purchase sticky rice to make donuts to sell. Hòe has been involved in this business for 5 years. Hòe supports no dependents with her business in Thanh Hoa city, an urban town in Thanh Hoa province. The main hardship that Hòe faces in her business is the lack of capital.

Hòe is 60 years old and she is married with 3 children. Hòe is the group leader of the 05.12.44 Điện Biên solidarity group, which consists of 5 members.

In 2011, Hòe joined Thanh Hoa Fund for Poor Women to improve her business. Hòe has successfully repaid 2 loans from Thanh Hoa Fund for Poor Women.

With her business profit, Hòe hopes for her family to be healthy and happy, for her business to do well, and for her children to find a good job.

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
  • 148
    View loans »
    Vietnam Loans Fundraising
  • $13,311,100
    Funds lent in using Kiva
  • 21,025.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 05.12.44 Điện Biên Group's $1,400 loan helped a member to purchase sticky rice to make donuts to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 25, 2011
Listed
Jan 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013