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0803.thiệu Khánh Group
In this Group: Minh, Chiều, Lan
Mrs. Minh operates a food stall/restaurant selling vegetables. She is requesting a loan to purchase more vegetables to resell

Minh is 40 years old and she is married with three children. Minh is the group leader of the 0803.Thiệu Khánh solidarity group, which consists of three members. She lives and works in the Thieu Hoa district, a rural area in the Thanh Hoa province, with three dependents.

In 2011, Minh joined Thanh Hoa Fund for Poor Women to improve her business. Minh has successfully repaid three loans from Thanh Hoa Fund for Poor Women.

Minh has been involved in this business for more than 10 years. The main hardship that Minh faces in her business is the lack of capital.

With her business profit, Minh hopes for her children to do well in school, for her family to be healthy and happy, and to be able to buy more supplies and equipment for her business.

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.

Tags

About Vietnam

  • $5,600
    Average annual income
  • 192
    View loans »
    Vietnam Loans Fundraising
  • $14,187,950
    Funds lent in using Kiva
  • 21,195.4
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 0803.thiệu Khánh Group's $1,250 loan helped a member to purchase more vegetables to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2015