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010501Xuân Phụ - Hoằng Phụ Group
In this Group: Cúc, Nương, Nguyên
Mrs. Cúc operates a food stall/restaurant selling fish. She is requesting a loan to purchase fish to resell. Cúc has been involved in this business for more than 10 years. The main hardship that Cúc faces in her business is the lack of capital.

Cúc is 41 years old and she is married with two children. She is the leader of a three-member group, the 010501 Xuân Phụ - Hoằng Phụ solidarity group.
Cúc supports two dependents with her business in Hoang Hoa district, a rural town in Thanh Hoa province.

In 2011, Cúc joined Thanh Hoa Fund for Poor Women to improve her business. Cúc has successfully repaid three loans from Thanh Hoa Fund for Poor Women.

In the future, Cúc hopes to make enough money to provide for her kids, for her family to be healthy and happy, 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
  • 25
    View loans »
    Vietnam Loans Fundraising
  • $12,532,400
    Funds lent in using Kiva
  • 20,911.3
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 010501Xuân Phụ - Hoằng Phụ Group's $1,075 loan helped a member to purchase fish to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2013
Listed
Mar 12, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014