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05 Minh Hải Minh Lộc Group
In this Group: Luyến, Tuần , Phượng, Quyên, Thanh
Luyến is 56 years old and she is married with 3 children. She operates a food stall/restaurant selling snacks. She is requesting a loan to purchase materials to make processed food to sell. Luyến has been involved in this business for 5 years. The main hardship that Luyến faces in her business is low profit margins.

She is the leader of a 5-member group, the 05 Minh Hải Minh Lộc solidarity group. In 2012, Luyến joined Thanh Hoa Fund for Poor Women to improve her business. Luyến has successfully repaid 1 loan from Thanh Hoa Fund for Poor Women.

With her business profit, Luyến hopes to buy a motorbike, for her business to do well, and for her family to be healthy and happy.

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

  • $5,600
    Average annual income
  • 100
    View loans »
    Vietnam Loans Fundraising
  • $15,324,625
    Funds lent in using Kiva
  • 21,097.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 05 Minh Hải Minh Lộc Group's $1,425 loan helped a member to purchase materials to make processed food to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 15, 2014
Apr 18, 2014
Currency Exchange Loss:
May 17, 2015