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02.01.12 Đông Hải Group
In this Group: Phượng, Màu, Phong, Thơ
Mrs. Phượng has an agricultural business farming food. She is requesting a loan to purchase rice seedlings to raise for future sale.

Phượng is 50 years old and married with two children. She is the leader of a four-member group, the 02.01.12 Đông Hải solidarity group. She lives in Dong Hai commune, an urban area of Thanh Hoa City. She has no dependents since her children are adults.

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

Phượng hopes for her family to be healthy and happy and for her children to do well in school. With her business profit, she plans to buy a motorbike.

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
  • 83
    View loans »
    Vietnam Loans Fundraising
  • $12,411,650
    Funds lent in using Kiva
  • 20,942.5
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 02.01.12 Đông Hải Group's $1,125 loan helped a member to purchase rice seedlings to raise for future sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2012
Listed
Jun 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013