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01.06.03 Đông Sơn Group
In this Group: Lâm, Nhung, Đức, Nhung, Thanh, Lộc, Vân, Hào*
* not pictured
Lâm is applying for a loan to purchase construction equipment to do building services. She has a construction-service business.

Lâm is 55 years old and she is married with three children..

Lâm is the group leader of the 01.06.03 Đông Sơn solidarity group, which consists of eight members. She lives and works in Thanh Hoa city, an urban area in Thanh Hoa province, with one dependent.

In 2006, Lâm joined Thanh Hoa Fund for Poor Women to improve her business. Lâm has successfully repaid four loans from Thanh Hoa Fund for Poor Women.

Lâm has been involved in this business for more than 10 years. One of the most critical business difficulties that concerns her is the lack of capital.

With her business profit, Lâm hopes for her family to be healthy and happy, for her business to do well, and to be able to buy more supplies and equipment for her business.

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
  • 66
    View loans »
    Vietnam Loans Fundraising
  • $12,974,825
    Funds lent in using Kiva
  • 20,824.9
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 01.06.03 Đông Sơn Group's $2,875 loan helped a member to purchase construction equipment to do building services.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
Apr 21, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 20, 2013