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04-06-06-Nam Ngạn Group
In this Group: Việt, Hoa, Thảo
Mrs Việt has a service business repairing agricultural machines. She is requesting a loan of 24,000,000 VND to purchase equipment to repair the agricultural machines. Việt is 62 years old and is married with three children. She is the group leader of the 04-06-06-Nam Ngạn solidarity group, which consists of three members. She lives and works in Thanh Hoa City, a urban area in Thanh Hoa province, with no dependents (her children are grown up). In 2012, Việt joined Fund for Thanh Hoa Poor Women to improve her business. Việt has successfully repaid two loans from Fund for Thanh Hoa Poor Women. Việt has been involved in this business for more than 10 years. The main hardship that she faces in her business is a lack of capital. With her business profit, Việt hopes to build a new house for her family to be healthy and happy, and for her business to do well.

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.

About Vietnam

  • $725
    Average annual income
  • 133
    View loans »
    Vietnam Loans Fundraising
  • $12,974,825
    Funds lent in using Kiva
  • 21,089.8
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 04-06-06-Nam Ngạn Group's $1,150 loan helped a member to purchase equipment to repair agricultural machines.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2013
Listed
Dec 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015