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09.01.04 Phú Sơn3 Group
In this Group: Hồi, Sáu, Phương, Hà, Hải, Diệu
Mrs. Diệu has a retail business selling construction material. She is requesting a loan to purchase construction material for resell.

Diệu is 64 years old, and she is married with two children. Diệu is the group leader of the 09.01.04 Phú Sơn3 solidarity group, which consists of six members. Diệu lives with no dependents in Thanh Hoa city, an urban town in the Thanh Hoa province. Her children are grown up.

This is Diệu's first loan with Thanh Hoa Fund of Poor Women. Diệu has been involved in this business for more than 10 years. The main hardship that Diệu faces in her business is the lack of capital. With her business profit, Diệu hopes for her children to find a good job, to remodel her house, and for her business to do well.

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
  • 20,854.1
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 09.01.04 Phú Sơn3 Group's $1,550 loan helped a member to purchase construction material for resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013