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04-08-02-Nam Ngạn Group
In this Group: Hồng, Cúc, Hảo, Yến
Mrs. Hồng has a retail business selling coal. She is requesting a loan to purchase charcoal for resale and purchase pigs to raise.

Hồng is 29 years old and she is married with one child. Hồng is the group leader of the 04-08-02-Nam Ngạn solidarity group, which consists of four members. She lives and works in Thanh Hoa city, an urban area in Thanh Hoa province, with no dependents; her child is grown up.

In 2009, Hồng joined Thanh Hoa Fund for Poor Women to improve her business. Hồng has successfully repaid four loans from Thanh Hoa Fund for Poor Women. Hồng has been involved in this business for 5 years. The main hardship that Hồng faces in her business is the lack of capital.

With her business profit, Hồng 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 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

  • $725
    Average annual income
  • 110
    View loans »
    Vietnam Loans Fundraising
  • $13,714,875
    Funds lent in using Kiva
  • 20,871.2
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 04-08-02-Nam Ngạn Group's $1,425 loan helped a member to purchase charcoal for resale and purchase pigs to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014