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06.12.01 Đông Vệ Group
In this Group: Nga, Hoa, Lệ, Diễn, Huyền
Mrs. Nga has a retail business selling dry food. She is requesting a loan to purchase dry food, such as rice, beans, corn and cassava, to resell. Nga has been involved in this business for more than ten years. The main hardship that Nga faces in her business is the lack of capital.

Nga, 43, is married and has 2 children. She is the leader of a five-member group, the 06.12.01 Đông Vệ solidarity group. She lives and works in Thanh Hoa city, an urban area in Thanh Hoa province, and she has one dependent. This is Nga’s first loan from Thanh Hoa Fund of Poor Women.

With her business profit, Nga hopes that her children will find good jobs, her business will do well, and she will be able to remodel her house.

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
  • 84
    View loans »
    Vietnam Loans Fundraising
  • $14,427,750
    Funds lent in using Kiva
  • 20,818.8
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 06.12.01 Đông Vệ Group's $1,300 loan helped a member to purchase dry food, such as rice, beans, corn and cassava, to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013