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04.8.4 Nam Ngạn Group
In this Group: Len, Ngân, Hoa
Len works in agriculture, farming food. She is requesting a loan to purchase rice seedlings to grow for future sale.

Len is 41 years old and she is married with 3 children. She is the group leader of the 04.8.4 Nam NGạn solidarity group, which consists of 3 members. She lives and works in Thanh Hoa city, an urban area in Thanh Hoa province, with no dependents; her children are grown up.

In 2008, Len joined Thanh Hoa Fund for Poor Women to improve her business. She has successfully repaid 5 loans from Thanh Hoa Fund for Poor Women.

Len has been involved in this business for 7 years. The main hardship that Len faces in her business is lack of capital.

With her business profit, Len hopes for her children to find a good job, for her business to do well, and to build a new house.

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
  • 125
    View loans »
    Vietnam Loans Fundraising
  • $14,491,450
    Funds lent in using Kiva
  • 20,835.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 04.8.4 Nam Ngạn Group's $1,075 loan helped a member to purchase rice seedlings to grow for future sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Aug 30, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013