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3.12.234.44. Tt Vạn Hà Group
In this Group: Hương, Lan, Ngật, Hậu, Yến
Mrs. Hương operates a food stall/restaurant where she sells beverages. She is requesting a loan to purchase materials to maintain this refreshment bar (a small bar with coffee, tea, soft drinks, fast food, etc.). Hương has been involved in this business for more than 10 years. One of the most critical business difficulties that concerns her is the lack of capital.

Hương is 40 years old and she is married with one child. She supports this one dependent with her business in Thieu Hoa district, a rural town in Thanh Hoa province. In 2010, Hương joined Thanh Hoa Fund for Poor Women to improve her business. Hương has successfully repaid 3 loans from Thanh Hoa Fund for Poor Women. She is the group leader of the 3.12.234.44. Tt Vạn Hà solidarity group, which consists of five members.

With her business profit, Hương hopes for her business to do well, to make enough money to provide for her child and to be able to buy more supplies and equipment for her business.

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
  • 125
    View loans »
    Vietnam Loans Fundraising
  • $13,216,325
    Funds lent in using Kiva
  • 20,811.7
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 3.12.234.44. Tt Vạn Hà Group's $2,000 loan helped a member to purchase equipment and supplies to maintain her refreshment bar.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2013
Listed
Feb 21, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014