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03.08.04 - Quảng Hưng Group
In this Group: Phương, Tý, Bích, Mộc
Mrs. Phương operates a food stall/restaurant selling vegetables. She is applying for a loan to buy vegetables to resell. Phương is 52 years old, and she is married and has two children. Phương is the group leader of the 03.08.04-Quảng Hưng solidarity group, which consists of four members. Her children are grown up, so Phương lives with no dependents in Thanh Hoa City, a town in Thanh Hoa Province. This is Phương’s first loan from Thanh Hoa Fund of Poor Women. Phương has been in this business for more than ten years. The main hardship that Phương faces in her business is a lack of capital. With her business profits, Phương hopes that her children will find good jobs, that her business will do well, and that her family will 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
  • 25
    View loans »
    Vietnam Loans Fundraising
  • $12,569,150
    Funds lent in using Kiva
  • 20,943.1
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 03.08.04 - Quảng Hưng Group's $1,025 loan helped a member to buy vegetables to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2014