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3.19.615.02.quán Lào Group
In this Group: Lan, Giá, Hương
Lan is 58 years old and she is married with two children. She lives and works in Thieu Hoa district, a rural area in Thanh Hoa province, with no dependents; her children are grown up.

She has a retail business selling coal. She is requesting a loan to purchase coal to resell. Lan has been involved in this business for more than ten years. The main hardship that Lan faces in her business is the lack of capital.

In 2013, Lan joined Thanh Hoa Fund for Poor Women to improve her business. She has successfully repaid two loans from Thanh Hoa Fund for Poor Women. She is the group leader of the 3.19.615.02.Quán Lào solidarity group, which consists of three members.

With her business profit, Lan hopes for her business to do well, to maintain a successful business, and to be able to buy more supplies and equipment for her business.

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
  • 39
    View loans »
    Vietnam Loans Fundraising
  • $12,722,750
    Funds lent in using Kiva
  • 21,097.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 3.19.615.02.quán Lào Group's $1,075 loan helped a member to purchase coal to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014