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04.12.4 Nam Ngạn Group
In this Group: Thủy, Thúy, Hải, Phương, Thu , Hường
Thủy has a manufacturing business sewing clothes. Thủy has been involved in this business for 6 years. She is requesting a loan to purchase machines to do tailor-made clothing and clothing repair services.

Thủy is 44 years old, and she is married with 2 children. She lives with 2 dependents in Thanh Hoa City, a urban town in Thanh Hoa province.

In 2011, Thủy joined Thanh Hoa Fund for Poor Women to improve her business. Thủy has successfully repaid 2 previous loans from Thanh Hoa Fund for Poor Women. She is the leader of a 6-member group, the 04.12.4 Nam Ngạn solidarity group.

The main hardship that Thủy faces in her business is a lack of capital.

With her business profit, Thủy hopes to build a new house, and she hopes for her business to do well and for her children to do well in school.

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
  • 130
    View loans »
    Vietnam Loans Fundraising
  • $13,209,000
    Funds lent in using Kiva
  • 20,730.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 04.12.4 Nam Ngạn Group's $1,550 loan helped a member to purchase machines for tailoring and clothing repair.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2012
Listed
May 6, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013