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04-07-08-Nam Ngạn Group
In this Group: Thủy, Cúc, Hương, Tuyến, Chung
Thủy operates a food stall/restaurant selling meat. She is requesting a loan to purchase pork to resell.

Thủy is 43 years old and she is married with two children. Thủy is the group leader of the 04-07-08-Nam Ngạn solidarity group, which consists of five members. She lives and works in Thanh Hoa city, an urban area in Thanh Hoa province, with no dependents; her children are grown up.

In 2009, Thủy joined Thanh Hoa Fund for Poor Women to improve her business. Thủy has successfully repaid four loans from Thanh Hoa Fund for Poor Women.

Thủy has been involved in this business for more than ten years. The main hardship that Thủy faces in her business is lack of capital.

With her business profits, Thủy hopes to build a new house, and hopes 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.

Tags

About Vietnam

  • $725
    Average annual income
  • 145
    View loans »
    Vietnam Loans Fundraising
  • $13,254,975
    Funds lent in using Kiva
  • 21,106.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 04-07-08-Nam Ngạn Group's $2,075 loan helped a member to purchase pork for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2013
Listed
Dec 22, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015