Check out some available loans that are similar to this one!
06.08.01 Đông Vệ Group
In this Group: Thủy, Quyết, Lai, Lan*, Bốn, Hiền
* not pictured
Mrs. Thủy has a retail business selling incense and ghost money. She is requesting a loan to purchase materials to make these votive objects to resell.

Thủy is 48 years old, married and has two children. Thủy is the group leader of the 06.08.01 Đông Vệ solidarity group, which consists of six members. She lives and works in Thanh Hoa, a city in Thanh Hoa province. One of her children is a dependent and one child is grown up. In 2010, Thủy joined the Thanh Hoa Fund for Poor Women to improve her business. Thủy has successfully repaid three loans from the Thanh Hoa Fund for Poor Women. Thủy has been involved in this business for more than ten years. The main challenge that Thủy faces in her business is the lack of capital.

With her business profit Thủy hopes that she can help her children find good jobs, that her business will do well, and that her family will 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

  • $725
    Average annual income
  • 125
    View loans »
    Vietnam Loans Fundraising
  • $13,745,925
    Funds lent in using Kiva
  • 20,833.3
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 06.08.01 Đông Vệ Group's $2,150 loan helped a member to purchase material to make votive objects to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013