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08-01-04-Phú Sơn 2 Group
In this Group: Hạnh, Liên, Hà
Mrs. Hạnh operates a food stall/restaurant where she sells sweet rice. She is requesting a loan to purchase rice and meat to resell.

Hạnh is 43 years old and married with two children -- one dependent while the other is an adult.

Hạnh is the group leader of the 08-01-04-Phú Sơn2 solidarity group, which consists of three members.

She lives and works in Thanh Hoa City, an urban area in the Thanh Hoa province.

In 2011, Hạnh joined the Thanh Hoa Fund for Poor Women to improve her business. Hạnh has successfully repaid four loans from the Thanh Hoa Fund for Poor Women.

Hạnh has been involved in this business for more than 10 years.

The main hardship that Hạnh faces in her business is a lack of capital.

Hạnh hopes for her family to be healthy and happy and for her business to do well. She plans to build a new house in the future.

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
  • 118
    View loans »
    Vietnam Loans Fundraising
  • $13,354,625
    Funds lent in using Kiva
  • 21,083.7
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 08-01-04-Phú Sơn 2 Group's $1,500 loan helped a member to purchase rice and meat to resell.
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