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08-Pt2-05-Phú Sơn2 Group
In this Group: Sáu, Ngọc, Văn, Hoa, Hươngb, Hươnga
Ms. Sáu earns a living by running a food stall and restaurant where she sells groceries. She is requesting a loan to buy candy, milk, biscuits and sugar to sell to her customers. She is 64 years old, single and the mother of two children. She also leads a six-person loan group called 08-PT2-05-Phú Sơn2 Solidarity. Her children are grown so she has no dependents living with her in Thanh Hoa city, a urban section of Thanh Hoa province. In 2011, Sáu joined the Thanh Hoa Fund for Poor Women to improve her business. She has successfully repaid three previous loans, and has been in her current line of work for more than 10 years. The main hardship that she faces in her business is a lack of capital. Her goals for the future are to be healthy and happy, to build a new house, 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
  • 185
    View loans »
    Vietnam Loans Fundraising
  • $14,187,975
    Funds lent in using Kiva
  • 20,916.1
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 08-Pt2-05-Phú Sơn2 Group's $2,000 loan helped a member to buy candy, milk, biscuits and sugar to sell to her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 2, 2013
Listed
Mar 5, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014