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01.05.60 Điện Biên Group
In this Group: Lan, Nguyên, Phương, Lan, Linh
Mrs. Lan has a retail business selling clothes. She is requesting a loan to purchase cloth to do tailor-made and clothing repair service. Lan is 49 years old and she is married with two children. Lan is the group leader of the 01.05.60 Điện Biên solidarity group, which consists of five members. She lives and works in Thanh Hoa city, an urban area in Thanh Hoa province, with two dependents

In 2010, Lan joined Thanh Hoa Fund for Poor Women to improve her business. Lan has successfully repaid two loans from Thanh Hoa Fund for Poor Women. Lan has been involved in this business for six years. The main hardship that Lan faces in her business is the lack of capital.

In the future, Lan hopes for her business to do well, for her children to find a good job, and for her family to be healthy and happy.

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
  • 27
    View loans »
    Vietnam Loans Fundraising
  • $12,569,150
    Funds lent in using Kiva
  • 20,833.3
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 01.05.60 Điện Biên Group's $1,275 loan helped a member to purchase cloth to do tailor-made and clothing repair service.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2014