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03-05-023-Quảng Hưng Group
In this Group: Xuân, Thanh, Nhung, Duyên*, Minh, Hồng
* not pictured
Mrs. Hồng has a retail business selling dry food. She is requesting a loan to purchase candy, biscuits, sugar, milk, etc to resell and to purchase chickens and ducks to raise .

Hồng is 30 years old and she is married with two children. Hồng is the group leader of the 03-05-023-Quảng Hưng solidarity group, which consists of 6 six members. She lives and works in Thanh Hoa city, a semi-urban area in Thanh Hoa province, with two dependents

In 2004, Hồng joined the Thanh Hoa Fund for Poor Women to improve her business. Hồng has successfully repaid four loans from the Thanh Hoa Fund for Poor Women. Hồng has been involved in this business for five years.

The main hardship that Hồng faces in her business is the lack of capital. With her business profit, Hồng hopes for her family to be healthy and happy, for her business to do well and to maintain a successful business.

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
  • 100
    View loans »
    Vietnam Loans Fundraising
  • $14,461,025
    Funds lent in using Kiva
  • 20,818.9
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 03-05-023-Quảng Hưng Group's $1,950 loan helped a member to purchase candy, biscuits, sugar, milk, etc to resell and to purchase chickens and ducks to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014