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08-Pt3-03-Phú Sơn2 Group
In this Group: Hoa, Sơn, Hằng, Thảo, Đăng
Mrs. Hoa operates a food stall/restaurant selling soup. She is requesting a loan to purchase rice and pork to cook soup for resale.

Hoa is 50 years old and she is married with three children. She is the leader of a five-member group, the 08-PT3-03-Phú Sơn2 solidarity group. She lives and works in Thanh Hoa city, an urban area in Thanh Hoa province, with three dependents.

In 2012, Hoa joined Thanh Hoa Fund for Poor Women to improve her business. Hoa has successfully repaid two loans from Thanh Hoa Fund for Poor Women. Hoa has been involved in this business for nine years. The main hardship that Hoa faces in her business is the lack of capital.

With her business profit, Hoa hopes for her family to be healthy and happy, to build a new house, and for her business to do well.

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
  • 67
    View loans »
    Vietnam Loans Fundraising
  • $12,777,500
    Funds lent in using Kiva
  • 20,916.1
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 08-Pt3-03-Phú Sơn2 Group's $1,275 loan helped a member to purchase rice and pork to cook soup for resale.
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