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Hòa's Group
In this Group: Hòa, Liên, Hường, Xuân, Xuân
Hòa is applying for a loan to purchase machines to do tailor-made and clothing repair services. She has a business sewing clothes.

Hòa is 36 years old and she is married with two children. She is the group leader of the 08.09.07- Đông Vệ solidarity group, which consists of five members. Hòa lives with her two dependents in Thanh Hoa city, a urban town in Thanh Hoa province.

This is Hòa first loan with Thanh Hoa Fund for Poor Women. Hòa has been involved in this business for more than 10 years. The main hardship that Hòa faces in her business is the lack of capital.

Hòa hopes for her children to do well in school, for her business to do well, and for her family to be healthy and happy.

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
  • 28
    View loans »
    Vietnam Loans Fundraising
  • $12,532,400
    Funds lent in using Kiva
  • 20,810.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Hòa's Group's $900 loan helped a member to purchase machines for tailor-made and clothing repair services.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2012
Listed
Apr 4, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 20, 2013