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Yen's Group
In this Group: Yên, Hươi, Yểng, Biêu, Thiêm
Mrs Yen, of the Thai ethnic people, was born in 1975. Her family has 4 members includes her husband, her and the two children (one son and one daughter) are both obedient. Her eldest son just has got married and her family is waiting for a new member from the young new married couple. Her daughter is at the first year at Son La College of Pedagogy.

The main income of her family is primarily based on breeding and farming. With this income, it is just enough for her family spending at limited level and it is very difficult if there is arising matter with big cost. So, her daughter is studying far away from home for the first year is a great joy but includes many anxieties on her daughter studying costs.

Therefore, she needs to borrow a loan to cover her daughter tuition costs. Her family hopes that this loan can somewhat assure her daughter feels peace at her mind for studying in order to become a good teacher in future to teach their lovely people at her countryside.

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
  • 123
    View loans »
    Vietnam Loans Fundraising
  • $13,029,750
    Funds lent in using Kiva
  • 21,195.4
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Yen's Group's $2,750 loan helped a member to cover her daughter tuition costs.
73% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2014
Listed
Jun 4, 2014
Currency Exchange Loss:
Possible