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01.01.18 Đông Hải Group
In this Group: Huệ, Thanh, Thanh, Tự, Phương, Phượng, Thảo, Tú
Huệ is applying for a loan to purchase fruit to resell . She operates a food stall/restaurant selling fruit. Huệ has been involved in this business for five years.

Huệ is 45 years old, and she is married with two children. She lives and works in Thanh Hoa city, an urban area in Thanh Hoa province.

Huệ is the group leader of the 02.01.18 Đông Hải solidarity group, which consists of eight members.

In 2005, Huệ joined Thanh Hoa Fund for Poor Women to improve her business. Huệ has successfully repaid four loans from Thanh Hoa Fund for Poor Women. One of the most critical business difficulties that concern her is the lack of capital.

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

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
  • 66
    View loans »
    Vietnam Loans Fundraising
  • $12,926,025
    Funds lent in using Kiva
  • 21,083.7
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 01.01.18 Đông Hải Group's $2,825 loan helped a member to purchase fruit to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2013
Listed
Sep 16, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014