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020309-Bắc Sơn- Hoằng Phụ-Hoằng Hoá Group
In this Group: Giang, Tậy, Xuyên, Hòa, Xuân, Giới*
* not pictured
Mrs. Giang operates a food stall/restaurant selling shrimp sauce. She is requesting a loan to purchase shrimp sauce for resale. Giang has been involved in this business for five years.

Giang is 27 years old and she is married with two children.

She is the leader of a 6-member group, the 020309-Bắc Sơn- Hoằng Phụ-Hoằng Hoá solidarity group.

Giang supports two dependents with her business in Hoang Hoa district, a rural town in Thanh Hoa province.

In 2011, Giang joined Thanh Hoa Fund for Poor Women to improve her business. She has successfully repaid two loans from Thanh Hoa Fund for Poor Women.

The main hardship that Giang faces in her business is the lack of capital.

In the future, Giang hopes to make enough money to provide for her children, to be able to buy more supplies and equipment for her business, and to buy land of her own.

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
  • 178
    View loans »
    Vietnam Loans Fundraising
  • $13,311,100
    Funds lent in using Kiva
  • 20,830.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 020309-Bắc Sơn- Hoằng Phụ-Hoằng Hoá Group's $1,950 loan helped a member to purchase shrimp sauce for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2012
Listed
Jul 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013