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07.04.75 Phú Sơn Group
In this Group: Sơn , Hải, Chính, Oanh
Mrs. Sơn operates a food stall/restaurant selling fruit. She has been involved in this business for 6 years. She is requesting a loan to purchase fruit to resell.

Sơn is 62 years old and she is married with 3 children. She is the group leader of the 07.04.75 Phú Sơn solidarity group, which consists of 4 members. Sơn supports herself with her business in Thanh Hoa city, an urban town in the Thanh Hoa province. Her children are grown up.

This is Sơn's first loan with Thanh Hoa Fund of Poor Women. One of the most critical business difficulties that concerns her is the lack of capital.

Sơn hopes for her children to find a good job, for her business to do well, and for her family to be healthy and happy.

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
  • 197
    View loans »
    Vietnam Loans Fundraising
  • $14,213,925
    Funds lent in using Kiva
  • 20,833.3
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 07.04.75 Phú Sơn Group's $1,025 loan helped a member to purchase fruit to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013