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06 Đông Hòa Hưng Lộc Group
In this Group: Ban, Hoa, Mai, Mong, Gấm, Tiện
Mrs. Gấm works in agriculture, farming poultry and cattle. She is requesting a loan to purchase baby livestock cattle to raise and sell in the future. She is 37 years old, and she is married with two children. Gấm is the group leader of the 06 Đông Hòa Hưng Lộc Solidarity Group, which consists of six members. This is Gấm’s first loan with Thanh Hoa Fund of Poor Women. She has been involved in this business for five years. One of her most critical business concerns is the lack of capital.

With her business profits, Gấm hopes for her family to be healthy and happy, and for her business to do well.

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

  • $725
    Average annual income
  • 128
    View loans »
    Vietnam Loans Fundraising
  • $13,738,050
    Funds lent in using Kiva
  • 21,097.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 06 Đông Hòa Hưng Lộc Group's $1,725 loan helped a member to purchase baby livestock cattle to raise and sell in the future.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
Apr 18, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015