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02.06.06 Đông Hải Group
In this Group: Quỳnh, Đăng, Hằng, Liên, Kim, Dung
Quỳnh is 61 years old and she is married with two children. She lives in Thanh Hoa city, an urban town in Thanh Hoa province. She operates a business selling clothes. She has been involved in this business for five years. The main hardship that Quỳnh faces in her business is the lack of capital.

Quỳnh is the group leader of the 02.06.06 Đông Hải solidarity group, which consists of six members. This is her first loan with Thanh Hoa Fund for Poor Women. Quỳnh is applying for a loan to purchase clothes to resell.

With her business profit, Quỳnh hopes for her family to be healthy and happy, for her children to find a good job, and for her business to do well.

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
  • 15
    View loans »
    Vietnam Loans Fundraising
  • $12,563,700
    Funds lent in using Kiva
  • 21,079.3
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of 02.06.06 Đông Hải Group's $2,350 loan helped a member to purchase clothes to resell.
91% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2014
Listed
Apr 5, 2014
Currency Exchange Loss:
Possible