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040128-Giang Sơn - Hoằng Trường Group
In this Group: Nga, Duyên , Nga , Ninh, Thuấn , Minh, Mai, Lý
Nga is 33 years old and married with two children. Nga operates a business selling fish and is requesting a loan to purchase netting to fish. Nga has been involved in this business for eight years. The main hardship that she faces in her business is lack of capital.
Nga is the leader of an eight-member group, the 040128-Giang Sơn - Hoằng Trường solidarity group.
Nga supports her two dependents through her business in Hoang Hoa district, a rural town in Thanh Hoa province.

In 2012, Nga joined Thanh Hoa Fund for Poor Women to improve her business. Nga has successfully repaid one loan from Thanh Hoa Fund for Poor Women.

In the future, Nga hopes to maintain a successful business and to make enough money to provide for her children.

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
  • 42
    View loans »
    Vietnam Loans Fundraising
  • $12,722,750
    Funds lent in using Kiva
  • 20,843.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 040128-Giang Sơn - Hoằng Trường Group's $2,200 loan helped a member to purchase netting to fish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2012
Listed
Oct 5, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013