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08-01-06-Phú Sơn2 Group
In this Group: Liễu, Hương, Nhân, Hường
Mrs. Liễu has had a service providing housing rentals for five years. She is requesting a loan to purchase more equipment to support that service.

Liễu, a 50-year-old married mother of five, four of whom are grown, is the group leader of the 08-01-06-Phú Sơn2 solidarity group, which consists of four members. She lives and works in Thanh Hoa city, an urban area in Thanh Hoa province.

In 2011, Liễu joined Thanh Hoa Fund for Poor Women to improve her business. She has repaid her four previous loans. The main hardship that Liễu faces is a lack of capital.

With her business profit, Liễu hopes for her family to be healthy and happy, for her business to do well, and for her children to find good jobs.

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
  • 70
    View loans »
    Vietnam Loans Fundraising
  • $12,930,950
    Funds lent in using Kiva
  • 21,083.7
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 08-01-06-Phú Sơn2 Group's $1,650 loan helped a member to purchase more equipment to support her housing rental service.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2014
Listed
Feb 21, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015