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02040309 Thành Xuân _ Hoằng Trường Group
In this Group: Thanh, Thanh, Phương, Duyên, Bé
Thanh has a manufacturing business making mesh nets. She is requesting a loan to purchase material to make nets for fishing.

Thanh is 40 years old and she is married and has 3 children..
She is the leader of a 5-member group, the 02040309 thành Xuân _Hoằng Trường solidarity group.
Thanh lives with 3 dependents in Hoang Hoa district, a rural town in Thanh Hoa province.

In 2008, Thanh joined Thanh Hoa Fund for Poor Women to improve her business. Thanh has successfully repaid 7 loans from Thanh Hoa Fund for Poor Women.

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

One of the most critical business difficulties that concerns her is the lack of capital.

With her business profits, Thanh hopes for her business to do well, for her children to do well in school, and to maintain a successful business.

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
  • 66
    View loans »
    Vietnam Loans Fundraising
  • $12,777,500
    Funds lent in using Kiva
  • 21,085.0
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of 02040309 Thành Xuân _ Hoằng Trường Group's $2,925 loan helped a member to purchase material to make nets for fishing.
66% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2014
Listed
Mar 30, 2014
Currency Exchange Loss:
Possible