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02130402 - Thôn 6 - Xã Hoằng Kim Group
In this Group: Huệ, Sơn, Huệ
Mrs. Huệ does fish farming. She is requesting a loan to invest in her business. Huệ has been involved in this business for nine years. One of the most critical business difficulties that concerns her is the lack of capital.

Huệ is 30 years old and is married with two children. She lives and works in Hoang Hoa district, a rural area in Thanh Hoa province, with two dependents.

Huệ is the group leader of the 02130402 - Thôn 6 - Xã Hoằng Kim solidarity group, which consists of three members.

In 2013, Huệ joined Thanh Hoa Fund for Poor Women to improve her business. Huệ has successfully repaid two loans from Thanh Hoa Fund for Poor Women.

In the future, Huệ hopes to buy a motorbike, to make enough money to provide for her kids, 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

  • $725
    Average annual income
  • 117
    View loans »
    Vietnam Loans Fundraising
  • $13,733,200
    Funds lent in using Kiva
  • 21,074.8
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 02130402 - Thôn 6 - Xã Hoằng Kim Group's $1,500 loan helped a member to purchase more fish, feed them, and sell them.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2014
Listed
May 11, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015