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03.02.05 - Quảng Hưng Group
In this Group: Linh, Nghĩa, Dung, Ngọc
Mrs. Dung operates a food stall/restaurant selling snacks. She is requesting a loan to purchase materials to make the processed food to sell.

Dung is 29 years old, and she is married with one child. Dung is the group leader of the 03.02.05 - Quảng Hưng solidarity group, which consists of four members. Dung lives with one dependent in Thanh Hoa city, an urban town in Thanh Hoa province.

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

With her business profit, Dung hopes for her business to do well, for her family to be healthy and happy, and for her child to do well in school.

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
  • 155
    View loans »
    Vietnam Loans Fundraising
  • $13,308,775
    Funds lent in using Kiva
  • 21,026.2
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 03.02.05 - Quảng Hưng Group's $1,125 loan helped a member to purchase materials to make the processed food to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jun 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014