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03.08.12 - Quảng Hưng Group
In this Group: Chung, Luân, Oanh, Hằng, Lơ, Minh, Nga
Chung is 42 years old, married, and has two children. She lives in Thanh Hoa city, a urban town in Thanh Hoa province. Chung is the group leader of the 03.08.12 - Quảng Hưng solidarity group, which consists of seven members. Chung works in agriculture raising poultry and cattle, which she has been doing for more than 10 years. Her main hardship is the lack of capital.

Chung is requesting a loan, which she will use to purchase baby poultry to raise and sell in the future. In 2012, Chung joined Thanh Hoa Fund for Poor Women to improve her business. She has successfully repaid two loans from Thanh Hoa Fund for Poor Women. Chung hopes for her children to do well in school, for her business to do well, and for her family to 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
  • 192
    View loans »
    Vietnam Loans Fundraising
  • $14,164,800
    Funds lent in using Kiva
  • 21,080.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 03.08.12 - Quảng Hưng Group's $3,350 loan helped a member to purchase baby poultry to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2014
Listed
Mar 17, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015