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36 Chiến Thắng Ngư Lộc Group
In this Group: Luyến , Lạc, Thót, Mơ, Lan, Thanh, Duyên , Vân *
* not pictured
Luyến is 44 years old and she is married with three children. Luyến is the group leader of the 36 Chiến Thắng Ngư Lộc solidarity group, which consists of four members. She lives in Hau Loc, a rural town in Thanh Hoa province.

She operates a food stall/restaurant selling shrimp. Luyến has been involved in this business for nine years. The main hardship that Luyến faces in her business is a lack of capital.

Luyến is applying for a loan to purchase shrimp to resell. This is Luyến's first loan with Thanh Hoa Fund of Poor Women. With her business profit, Luyến hopes for her business to do well, to make enough money to provide for her kids, and to build a new house.

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
  • 69
    View loans »
    Vietnam Loans Fundraising
  • $12,926,025
    Funds lent in using Kiva
  • 21,094.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 36 Chiến Thắng Ngư Lộc Group's $2,350 loan helped a member to purchase shrimp for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2014
Listed
Apr 15, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015