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07.01.12 Phú Sơn Group
In this Group: Hòa, Thục, Hà, Dung
Hòa has a retail business selling food and drinks to resell. She is requesting a loan to purchase items to maintain the refeshment bar (a small bar with coffee, tea, soft drinks, and fast food). Hòa has been involved in this business for 5 years.

Hòa is 39 years old and she is married with 2 children. Hòa lives with 2 dependents in Thanh Hoa city, a urban town in Thanh Hoa province.
Hòa is the group leader of the 07.01.12 Phú Sơn solidarity group, which consists of 4 members.


In 2010, Hòa joined Thanh Hoa Fund for Poor Women to improve her business. She has successfully repaid 4 loans from Thanh Hoa Fund for Poor Women.

The main hardship that Hòa faces in her business is the lack of capital.

With her business profit, Hòa hopes that her business will do well, her children will find good jobs, and her family will be healthy and happy.

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.

About Vietnam

  • $5,600
    Average annual income
  • 125
    View loans »
    Vietnam Loans Fundraising
  • $14,491,450
    Funds lent in using Kiva
  • 21,085.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 07.01.12 Phú Sơn Group's $2,225 loan helped a member to purchase materials to maintain the refeshment bar (a small bar with coffee, tea, soft drinks, and fast food).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2014
Listed
Feb 19, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015