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11-02-07 Trường Thi Group
In this Group: Lợi, Minh, Hà, Phương
Mrs. Lợi operates a food stall/restaurant selling snacks. She is requesting a loan to purchase ingredients to make processed food.

Lợi is 59 years old and married with two children. She is the leader of a four member group, the 11-02-07 Trường Thi solidarity group. Lợi does not support any dependents with her business in Thanh Hoa City, an urban town in the Thanh Hoa Province.

This is Lợi's first loan with Thanh Hoa Fund of Poor Women. She has been involved in this business for seven years. One of her most critical business difficulties is the lack of capital.

In the future, Lợi hopes for her children to find good jobs, for her family to be healthy and happy, and to remodel her house.

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.

Tags

About Vietnam

  • $725
    Average annual income
  • 74
    View loans »
    Vietnam Loans Fundraising
  • $12,414,550
    Funds lent in using Kiva
  • 21,052.6
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 11-02-07 Trường Thi Group's $1,150 loan helped a member to purchase ingredients to make processed food.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2013
Listed
Oct 21, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014