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070402Thôn 6 - Hoằng Thịnh Group
In this Group: Lạc , Đạo , Thanh , Thu
Mrs. Lạc works in agriculture, farming poultry and cattle. She is requesting a loan to purchase poultry and cattle to raise and resell in the future.

Lạc is 51 years old married with three children.
She is the leader of a four-member group, the 070402 Thôn 6 - Hoằng Thịnh solidarity group.
Two children of her are grown up so Lạc supports one dependent with her business in Hoang Hoa district, a rural town in Thanh Hoa province.

In 2007, Lạc joined Thanh Hoa Fund for Poor Women to improve her business. Lạc has successfully repaid five loans from Thanh Hoa Fund for Poor Women.
Lạc has been involved in this business for more than 10 years.
The main harship that Lạc faces in her business is the lack of capital.

In the future, Lạc hopes for her family to be healthy and happy, to maintain a successful business, and to make enough money to provide for her kids.

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
  • 69
    View loans »
    Vietnam Loans Fundraising
  • $12,926,025
    Funds lent in using Kiva
  • 20,833.3
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 070402Thôn 6 - Hoằng Thịnh Group's $1,125 loan helped a member to purchase poultry and cattle to raise and resell in the future.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013