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05- Phú Thọ 3 - Phú Sơn 2 Group
In this Group: Oanh, Tỵ, Huê, Nguyệt, Lý, Đường, Yến, Học
Mrs. Oanh is 44 years old and is married with two children. She lives and works in Thanh Hoa city, a urban area in Thanh Hoa province. She has one dependent child, the other is grown up. Oanh operates a food stall/restaurant selling fruit. Oanh has been involved in this business for three years. The main harship that Oanh faces in her business is the lack of capital.

This is Oanh first loan with Thanh Hoa Fund of Poor Women. She is requesting a loan to purchase fruit to resell. She is the leader of a 8-member group, the 05 Phú sơn 2 solidarity group. With her business profit, Oanh hopes to build a new house, for her business to do well, and for her family to be healthy and happy.

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
  • 155
    View loans »
    Vietnam Loans Fundraising
  • $14,164,800
    Funds lent in using Kiva
  • 20,942.5
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 05- Phú Thọ 3 - Phú Sơn 2 Group's $2,050 loan helped a member to purchase fruit to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Jun 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013