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060311-Đại Giang- Hoằng Châu-Hoằng Hoá Group
In this Group: Hai, Xinh, Hòa , Não
Mrs. Hai operates a food stall/restaurant selling shrimp. She is requesting a loan to purchase small shrimp to raise and resell in the future.

Hai is 33 years old, married, and has two children. She is the leader of a four-member group, the 060311-Đại Giang- Hoằng Châu-Hoằng Hoá solidarity group. Hai supports two dependents with her business in Hoang Hoa district, a rural town in Thanh Hoa province.

In 2006, Hai joined Thanh Hoa Fund for Poor Women to improve her business. Hai has successfully repaid eight loans from Thanh Hoa Fund for Poor Women. Hai has been involved in this business for eight years. The main harship that Hai faces in her business is the lack of capital.

In the future, Hai hopes to make enough money to provide for her children, to be able to buy more supplies and equipment for her business, and to maintain a successful business.

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
  • 26
    View loans »
    Vietnam Loans Fundraising
  • $12,532,400
    Funds lent in using Kiva
  • 20,830.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 060311-Đại Giang- Hoằng Châu-Hoằng Hoá Group's $1,450 loan helped a member to purchase small shrimp to raise and resell in the future.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2012
Listed
Jul 22, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013