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02.04.08 Đông Hải Group
In this Group: Dung, Lương, Tâm, Cúc
Mrs. Dung operates a food stall/restaurant selling fish. She is requesting a loan to purchase equipment for fishing.

Dung is 49 years old and she is married with two children. She is the group leader of the 02.04.08 Đông Hải solidarity group, which consists of four members. She lives and works in Thanh Hoa city, a urban area in Thanh Hoa province, with no dependents, her children are grown up.

This is Dung's first loan with Thanh Hoa Fund for Poor Women. Dung has been involved in this business for five years. The main hardship that Dung faces in her business is the lack of capital.

With her business profit, Dung hopes for her family to be healthy and happy. She hopes for her children to find a good job and for her business to do well.

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
  • 83
    View loans »
    Vietnam Loans Fundraising
  • $14,427,750
    Funds lent in using Kiva
  • 20,824.9
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 02.04.08 Đông Hải Group's $1,025 loan helped a member to purchase equipment for fishing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2013
Listed
Jan 24, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014