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030104-Đông Hải - Hoằng Thanh-Hoằng Hoá Group
In this Group: Bảy, Huệ, Lanh
Mrs. Bảy works in agriculture raising poultry and cattle. She is requesting a loan to purchase pigs to raise and resell in the future.

Bảy is 42 years old and married with three children. She is the leader of a three-member group, the 030104-Đông Hải - Hoằng Thanh-Hoằng Hoá solidarity group. Bảy supports two dependents with her business in Hoang Hoa district, a rural town in Thanh Hoa province. Another child is grown up.

In 2006, Bảy joined Thanh Hoa Fund for Poor Women to improve her business. Bảy has successfully repaid seven loans from Thanh Hoa Fund for Poor Women. Bảy has been involved in this business for more than 10 years. The main hardship that Bảy faces in her business is the lack of capital.

In the future, Bảy hopes for her business to do well, to be able to buy more supplies and equipment for her business, and to maintain a successful business.

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
  • 148
    View loans »
    Vietnam Loans Fundraising
  • $13,254,975
    Funds lent in using Kiva
  • 20,855.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 030104-Đông Hải - Hoằng Thanh-Hoằng Hoá Group's $1,400 loan helped a member to purchase pigs to raise.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 3, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014