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060203-Tiền Phong-Hoằng Châu-Hoằng Hoá Group
In this Group: Vang, Hồng , Dung
Vang is 47 years old and married with two children. She lives and works in Hoang Hoa District, a rural area in Thanh Hoa Province. Vang is the leader of a 7-member group, the 030807-Tây Xuân Vi-Hoằng Thanh-Hoằng Hoá solidarity group. She raises poultry and cattle, a business that she has been involved in for 10 years. The main hardship that Vang faces is the lack of business capital.

In 2007, Vang joined Kiva partner the Fund for Thanh Hoa Poor Women (FPW) to improve her business. She has successfully repaid four previous loans. Vang requests another loan to purchase poultry and cattle to raise. In the future, Vang hopes for her business to do well, to maintain a successful business, and to be able to buy more business supplies and equipment.

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
  • 64
    View loans »
    Vietnam Loans Fundraising
  • $12,926,025
    Funds lent in using Kiva
  • 21,025.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 060203-Tiền Phong-Hoằng Châu-Hoằng Hoá Group's $725 loan helped a member to purchase poultry and cattle to raise.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2011
Listed
Jan 5, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013