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01.04 02 Đông Sơn Group
In this Group: Thu, Hòa, Huyên, Ái, Thủy
Mrs. Thu has a retail business selling dried food and is requesting a loan to buy rice to resell. She is 54 years old, married and the mother of two children. She also leads a loan group called the 01.04.02 Đông Sơn Solidarity Group, which consists of five members. She lives and works in Thanh Hoa city, a urban area in Thanh Hoa province, and has one dependent as her older child is grown. In 2010, Thu joined the Thanh Hoa Fund for Poor Women to improve her business. Thu has successfully repaid four previous loans from our organization and has been in her line of work for five years. One of her main challenges is a lack of capital. With the profits she earns from her business, she is committed to help her family be healthy and happy, for her business to do well, and for her children to find good jobs.

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
  • 120
    View loans »
    Vietnam Loans Fundraising
  • $14,469,900
    Funds lent in using Kiva
  • 21,053.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 01.04 02 Đông Sơn Group's $2,425 loan helped a member to buy rice to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2014
Listed
Mar 5, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015