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Chuyen's Group
In this Group: Chuyên, Duyên, Hôm, Pong, Chum
Mrs Chuyen, is the Thai ethnic person, born in 1970. She lives with her husband and 2 children. She has participated in group’s activities since January in 1998, so far she has a strong attachment to the institution for 16 years. She currently is the leader of the group with 5 members.

Her family lives mainly on farming, animal husbandry and sideline job is cooking wine to sell for shops in the village. Whereby, she also has more income to cover school fees for her children. However, feeding 2 children and paying for their learning cause her family life difficulties.

She needs to borrow a loan to offset tuition costs for her children, and she will try to find another job in order to have an amount to monthly pay on time for the institution.

Chuyen desires a loan because it will be a great help for her family and her 2 children to have conditions to study and have a brighter future.

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
  • 120
    View loans »
    Vietnam Loans Fundraising
  • $13,341,150
    Funds lent in using Kiva
  • 21,075.0
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Chuyen's Group's $2,000 loan helped a member to offset tuition costs for her children.
94% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2014
Listed
Apr 20, 2014
Currency Exchange Loss:
Possible