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03-Nam Ngạn Group
In this Group: Phượng, Ân, Diệu, Thu, Lan
Mrs. Phượng operates a food stall/restaurant selling rice noodle for breakfast. She has been involved in this business for more than 10 years. She is requesting a loan to purchase more rice and meat to make rice noodle for selling.

Phượng is 54 years old and she is married with 2 children. She is the group leader of the 03-Nam Ngạn solidarity group, which consists of 5 members. She lives and works in Thanh Hoa city, a urban area in Thanh Hoa province.

In 2013, Phượng joined Thanh Hoa Fund for Poor Women to improve her business. She has successfully repaid 2 loans from Thanh Hoa Fund for Poor Women. The main hardship that Phượng faces in her business is the lack of capital.

With her business profit, Phượng hopes for her family to be healthy and happy, for her business to do well and to build a new house.

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
  • 82
    View loans »
    Vietnam Loans Fundraising
  • $12,411,650
    Funds lent in using Kiva
  • 21,195.4
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of 03-Nam Ngạn Group's $1,900 loan helped a member to purchase more rice and meat to make rice noodle for selling.
66% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
Possible