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010316-Thôn Bắc Sơn-Hoằng Phụ-Hoằng Hoá Group
In this Group: Trang, Dung, Luyến , Ánh, Minh, Toàn, Liên
Mrs. Trang operates a food stall/restaurant selling fish. Trang has been involved in this business for five years. The main hardship that Trang faces in her business is the lack of capital. She is requesting a loan to purchase fish to resell.

Trang is thirty years old and she is married with two children. She lives and works in Hoang Hoa district, a rural area in Thanh Hoa province.

She is the leader of a 7-member group, the 010316-Thôn Bắc Sơn-Hoằng Phụ-Hoằng Hoá solidarity group. In 2011, Trang joined Thanh Hoa Fund for Poor Women to improve her business. Trang has successfully repaid two loans from Thanh Hoa Fund for Poor Women.

In the future, Trang hopes to buy land of her own, to maintain a successful business, and for her business to do well.

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

  • $5,600
    Average annual income
  • 82
    View loans »
    Vietnam Loans Fundraising
  • $14,427,750
    Funds lent in using Kiva
  • 20,749.8
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 010316-Thôn Bắc Sơn-Hoằng Phụ-Hoằng Hoá Group's $1,800 loan helped a member to purchase fish to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2012
Listed
Mar 10, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013