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01.05.08 Đông Sơn Group
In this Group: Quyết, Cúc, Vân, Oanh, Oanh
Quyết has a service business tailoring clothes. She is requesting a loan to purchase machines to mend and make tailor-made clothes.

Quyết, 43, is married with 2 children.

Quyết is the group leader of the 01.05.08 Đông Sơn solidarity group, which consists of 5 members.

She lives with 2 dependents in Thanh Hoa city, an urban town in Thanh Hoa province.

In 2011, Quyết joined the Thanh Hoa Fund for Poor Women to improve her business. Quyết has successfully repaid 3 loans from the Thanh Hoa Fund for Poor Women.

Quyết has been involved in this business for 5 years. The main hardship that she faces in her business is the lack of capital.

With her business profits, Quyết hopes for her family to be healthy and happy, to make enough money to provide for her kids, and for her business to do well.

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
  • 80
    View loans »
    Vietnam Loans Fundraising
  • $12,411,650
    Funds lent in using Kiva
  • 20,833.3
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 01.05.08 Đông Sơn Group's $1,500 loan helped a member to purchase machines to make and repair clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013