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3 Hoằng Hóa Group
In this Group: Khuông, Nga, Yên
Mrs. Khuông operates a business selling fish. Khuông has been involved in this business for more than 10 years. She is requesting a loan to purchase a net to fish.

Khuông is 50 years old and she is married with three children. She lives and works in Hoang Hoa district, a rural area in Thanh Hoa province, with one dependent child; the other two are grown up.

She is the leader of a 3-member group, the 40303 Hoằng Hóa solidarity group.

In 2001, Khuông joined Thanh Hoa Fund for Poor Women to improve her business. Khuông has successfully repaid seven loans from Thanh Hoa Fund for Poor Women. One of the most critical business difficulties that concerns her is the lack of capital.

With her business profit, Khuông hopes for her family to be healthy and happy, for her business to do well, and to be able to buy more supplies and equipment for her 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

  • $5,600
    Average annual income
  • 88
    View loans »
    Vietnam Loans Fundraising
  • $14,449,625
    Funds lent in using Kiva
  • 20,824.8
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 3 Hoằng Hóa Group's $1,400 loan helped a member to purchase a net to fish.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014