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02.01.12 Đông Sơn Group
In this Group: Phong, Thơ, Màu
Phong has a manufacturing business making nem chua (fermented/cured pork). She has been involved in this business for one year. She is requesting a loan to purchase pork to make fermented/cured pork.

Phong is 36 years old and she is married with two children. She lives with two dependents in Thanh Hoa city, an urban town in Thanh Hoa province.

Phong is the group leader of the 02.01.12 Đông Hải solidarity group, which consists of three members. In 2012, Phong joined Thanh Hoa Fund for Poor Women to improve her business. Phong has successfully repaid two loans from Thanh Hoa Fund for Poor Women.

One of the most critical business difficulties that concerns her is the lack of capital. In the future, Phong hopes for her family to be healthy and happy, for her business to do well, and for her children to do well in school.

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
  • 128
    View loans »
    Vietnam Loans Fundraising
  • $13,209,000
    Funds lent in using Kiva
  • 21,164.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 02.01.12 Đông Sơn Group's $925 loan helped a member to purchase pork to make fermented/cured pork.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014