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10 Lộc Tiên Hải Lộc Group
In this Group: Huệ, Liên, Mai , Chỉnh, Hiền, Kích, Xuân
Mrs. Huệ works in agriculture raising marine aquaculture. She is requesting a loan to purchase equipment to make salt.

Huệ is 40 years old, married, and has two children. She is the leader of a seven-member group, the 10 Lộc Tiên Hải Lộc solidarity group.

This is Huệ's first loan with Thanh Hoa Fund for Poor Women. Huệ has been involved in this business for more than 10 years. One of the most critical business difficulties that concerns her is the lack of capital.

With her business profit, Huệ hopes to build a new house, for her business to do well, and for her children to find good jobs.

Additional Information

About Thanh Hoa Fund for Poor Women (FPW)

Thanh Hoa Fund for Poor Women (FPW) 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, FPW 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.

Tags

About Vietnam

  • $725
    Average annual income
  • 36
    View loans »
    Vietnam Loans Fundraising
  • $12,727,275
    Funds lent in using Kiva
  • 21,195.4
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of 10 Lộc Tiên Hải Lộc Group's $2,175 loan helped a member to purchase equipment to make salt.
83% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
Possible