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09.01.08 Phú Sơn 3 Group
In this Group: Trọng, Thanh , Hằng, Hoàn , Dung, Viện
Trọng is 64 years old and married, with three children who are all grown up. Trong lives in Thanh Hoa City.

Trọng operates a food stall restaurant selling rice noodles. She is requesting a loan to buy materials to make processed food to sell. Trọng has been involved in this business for more than 10 years. The main hardship that Trọng faces in her business is the lack of capital.

She is the leader of a six-member group, the 09.01.08 Phú Sơn 3 solidarity group. This is Trọng's first loan with the Thanh Hoa Fund of Poor Women.

With her business profit, Trọng hopes for her children to find a good job, for her family to be healthy and happy, and to travel for a vacation within the country.

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
  • 80
    View loans »
    Vietnam Loans Fundraising
  • $14,427,750
    Funds lent in using Kiva
  • 20,840.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 09.01.08 Phú Sơn 3 Group's $1,550 loan helped a member to purchase materials to make processed food to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2012
Listed
Sep 30, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013