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Lo Tuoi's Group
In this Group: Tươi, Nhâm, Biển, Xôm
Mai Son district has many families that plant industrial crops such as coffee and sugar cane. Mrs Tuoi was born in 1975, living with her husband and 3 children. The main income of her family is from tilling the field. Now is the time of developing crops in this area so people in here are at the high demand of borrowing money to buy organic fertilizer for crop. Tuoi and 3 other members in this Group are mostly in need of capital for this purpose. The members are involved in credit and saving programs of M7-MFI from the year 2000 and have a very good repayment history.
With this loan, Tuoi look forward to having a favorable crop. Coffee tree, sugar cane, and corn of her family will yield high profit so her family can cover the living and well care for 2 children at the school age.

Additional Information

About M7-MFI:

M7-MFI is a microfinance institution in Vietnam that is focused on serving poor women and ethnic minorities in the northern part of the country.

Serving more than 21,000 clients, M7-MFI provides savings and loan programs for a number of catalytic areas including vulnerable populations, education, disaster recovery, and water/sanitation. In addition, the organization regularly provides gender education and business consulting services, and builds homes for low-income clients.

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

  • $725
    Average annual income
  • 79
    View loans »
    Vietnam Loans Fundraising
  • $12,411,650
    Funds lent in using Kiva
  • 21,052.6
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Lo Tuoi's Group's $2,675 loan helped a member to buy organic fertilizer for crops.
73% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2014
Listed
Apr 11, 2014
Currency Exchange Loss:
Possible