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04.11.6 Nam Ngạn Group
In this Group: Lan Anh, Hồng Vân, Thủy, Tuyết, Tuyết, Hà
Lan Anh is thirty-eight years old and she is married with two children. Lan Anh lives with her two dependent children in Thanh Hoa city, a urban town in Thanh Hoa province.

Mrs. Lan Anh has a service business repairing motorcycles. She is requesting a loan to purchase instruments to maintain the motorbike repair shop. Lan Anh has been involved in this business for three years. The main hardship that Lan Anh faces in her business is the lack of capital. She is the leader of a 6-member group, the 04.11.6 Nam Ngạn solidarity group. This is Lan Anh first loan with Thanh Hoa Fund of Poor Women.

With her business profit, Lan Anh hopes for her business to do well, for her children to do well in school, and to make enough money to provide for them.

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

  • $725
    Average annual income
  • 125
    View loans »
    Vietnam Loans Fundraising
  • $13,745,925
    Funds lent in using Kiva
  • 20,820.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 04.11.6 Nam Ngạn Group's $1,550 loan helped a member to purchase instruments to maintain the motorbike repair shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
May 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013