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06.02.03 Đông Vệ Group
In this Group: Liên, Thắm, Thu, Hoa
Liên is 39 years old and she is married with one child. She lives and works in Thanh Hoa city, a urban area in Thanh Hoa province, with one dependent.

She has a retail business selling incense and ghost money. She has been involved in this business for five years. The main hardship that Liên faces in her business is the lack of capital. She is requesting a loan to purchase incense and ghost money to resell.

In 2010, Liên joined Thanh Hoa Fund for Poor Women to improve her business. She has successfully repaid four loans from Thanh Hoa Fund for Poor Women. She is the group leader of the 06.02.03 Đông Vệ solidarity group, which consists of four members.

With her business profit, Liên 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 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.

Tags

About Vietnam

  • $5,600
    Average annual income
  • 99
    View loans »
    Vietnam Loans Fundraising
  • $14,461,025
    Funds lent in using Kiva
  • 21,097.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 06.02.03 Đông Vệ Group's $1,725 loan helped a member to purchase incense and ghost money to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015