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08-Ts3-04-Phú Sơn2 Group
In this Group: Nguyệt, Xuân, Ngoan, Loan, Giang
Nguyệt, age 59, operates a food stall business, selling vegetables. She has operated her business for two years. She lives and works in Thanh Hoa city, an urban area in Thanh Hoa province. Nguyệt reports that the primary obstacle she faces in her business is lack of capital.

She and her husband have three children, two of whom are grown and one of whom is still a dependent.

Nguyệt joined Thanh Hoa Fund for Poor Women in 2012 with the goal of improving her business. She has successfully repaid two loans from Thanh Hoa Fund for Poor Women. She is the group leader of the 08-TS3-04-Phú Sơn2 solidarity group, which consists of five members.

Nguyệt is requesting a loan in order to purchase vegetables to offer for sale. She would like to see her business flourish so that she can apply her profit toward ensuring the health and happiness of her family. In the future, she would like to build a new house for the family to live in.

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
  • 174
    View loans »
    Vietnam Loans Fundraising
  • $14,164,800
    Funds lent in using Kiva
  • 20,939.5
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 08-Ts3-04-Phú Sơn2 Group's $1,650 loan helped a member to purchase vegetables to offer for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014