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010119 Hợp Tân- Hoằng Phụ Group
In this Group: Lệ , Nam, Tình, Thắm, Nhung, Trang, Hằng
Mrs. Lệ operates a food stall/restaurant selling fish sauce. She is applying for a loan to buy fish to use in making fish sauce. Lệ, 51 years old, is married and has two children. She is the leader of a 8-member group, the 010119 Hợp tân- Hoằng Phụ solidarity group. Her children are grown, so Lệ supports no dependents with her business, which is located in Hoang Hoa district, a rural town in Thanh Hoa province. In 2011, Lệ joined Thanh Hoa Fund for Poor Women to improve her business. Lệ has successfully repaid three loans from Thanh Hoa Fund for Poor Women. Lệ has been involved in this business for more than ten years. The main hardship that Lệ faces in her business is a lack of capital. In the future, Lệ hopes that she can maintain a successful business and buy more supplies and equipment for her business, and that her children will find good jobs.

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
  • 195
    View loans »
    Vietnam Loans Fundraising
  • $14,164,800
    Funds lent in using Kiva
  • 20,922.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 010119 Hợp Tân- Hoằng Phụ Group's $2,400 loan helped a member to buy fish to make fish sauce.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014