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08-02-06-Phú Sơn2 Group
In this Group: Loan, Lan, Loan, Quyên, Hoàn, Hòa, Chung, Phượng
Mrs. Loan has a service business providing photocopies. She is requesting a loan to purchase equipment to do photocopying service.

Loan is 37 years old and she is married, with two children.

Loan is the group leader of the 08-02-06-Phú Sơn2 Group which consists of eight members. She lives with two dependents and works in Thanh Hoa city, an urban area in Thanh Hoa province.

In 2012, Loan joined the Fund for Thanh Hoa Poor Women to improve her business. Loan has successfully repaid two loans from the Fund for Thanh Hoa Poor Women. She has been involved in this business for more than ten years. The main hardship that Loan faces in her business is the lack of capital.

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

  • $5,600
    Average annual income
  • 155
    View loans »
    Vietnam Loans Fundraising
  • $14,164,800
    Funds lent in using Kiva
  • 21,083.7
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 08-02-06-Phú Sơn2 Group's $2,475 loan helped a member to purchase equipment for her photocopying service.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2013
Listed
Sep 16, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014