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03-05-30 Quảng Hưng Group
In this Group: Xuyến, Hằng, Lộc, Tấn
Mrs. Xuyến has a retail business selling dry food. She is requesting a loan to purchase dry food for resale.

Xuyến is 55 years old and married with three children.

Xuyến is the group leader of the 30-05-03-Quảng Hưng solidarity group, which consists of four members.

She lives and works in Thanh Hoa, a semi-urban area in the Thanh Hoa province. She has no dependents since her children are grown up.

In 2004, Xuyến joined Thanh Hoa Fund for Poor Women to improve her business. Xuyến has successfully repaid four loans from Thanh Hoa Fund for Poor Women.

Xuyến has been involved in this business for two years.

The main hardship that Xuyến faces in her business is a lack of capital.

With her business profits, Xuyến hopes her family will be healthy and happy, that her business will do well, and that her children will find good jobs.

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
  • 81
    View loans »
    Vietnam Loans Fundraising
  • $12,414,550
    Funds lent in using Kiva
  • 20,859.4
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 03-05-30 Quảng Hưng Group's $1,450 loan helped a member to purchase dry food for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2012
Listed
Nov 2, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013