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Na Sang 2 Group
In this Group: Tam, Ha, Huong, Phanh, Phieng
Tam is a single mom of Lao minority. She divorced from her husband 3 years ago and brought up her child on her own since the child was 2 years old. To earn a living, Tam works hard with plenty of agricultural activities such as cultivating rice, vegetables and cereal, breeding chickens, pigs and buffalo.

This is her first loan in Anh Chi Em Program and Tam hopes this loan can help her resolve partially the difficulty of lacking capital. She would use the loan to rent a machine for leveling the field in order to prepare for the next harvest.

Tam dreams her child will eventually attend college as she was only able to complete secondary school because financial issues made it impossible for her to continue. In the picture, Tam is standing first from the right.

Additional Information

More information about this loan

Anh Chi Em (ACE) is an International NGO microfinance program that supports vulnerable and marginalized individuals in the severely underserved regions of Dien Bien and Muong Ang District in Dien Bien Province and in Northern Vietnam. Launched in 2007 by the French non-profit Entrepreneurs du Monde, ACE focuses on the financial inclusion of women from marginalized ethnicities and those affected by AIDS.
 
ACE offers two types of flexible loans alongside a voluntary savings program. The amortizing and bullet loans provide borrowers with key capital at an interest rate of 18%, compared to the national averages of 23.01%. The savings program pays clients 6% returns per annum.
 
Kiva lender’s funds help ACE to expand its services into new communes and more districts and offer loans to more vulnerable individuals. 

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
  • 82
    View loans »
    Vietnam Loans Fundraising
  • $12,411,650
    Funds lent in using Kiva
  • 21,050.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Na Sang 2 Group's $1,050 loan helped a member to rent a machine to level the field preparing for the next harvest.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 24, 2013
Listed
Dec 29, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2014