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02050802_Nam Hạc, Hoằng Phong Group
In this Group: Yến, Hường, Ngư, Liên
Yến works in agriculture, raising poultry and cattle. She is requesting a loan to purchase chickens and ducks to raise. Yến is 43 years old and she is married with 3 children. She is the leader of a 4-member group, the 02050802_Nam Hạc, Hoằng Phong solidarity group. Yến supports 2 dependents with her business in Hoang Hoa district, a rural town in Thanh Hoa province.

This is Yến's first loan with the Thanh Hoa Fund for Poor Women. Yến has been involved in this business for 5 years. The main hardship that Yến faces in her business is the lack of capital. In the future, Yến hopes to make enough money to provide for her kids, for her business to do well, and for her family to be healthy and happy.

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
  • 26
    View loans »
    Vietnam Loans Fundraising
  • $12,532,400
    Funds lent in using Kiva
  • 21,106.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 02050802_Nam Hạc, Hoằng Phong Group's $1,425 loan helped a member to purchase chickens and ducks to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2013
Listed
Dec 15, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015