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020402080003 Liên Minh _ Hoằng Trường Group
In this Group: Thành , Hồng, Vuông
Thành operates a food stall/restaurant where she sells fish. She is requesting a loan to purchase nets to catch fish.

Thành is 43 years old and she is married with 4 children. She is the group leader of the 020402080003 Liên Minh _ Hoằng Trường solidarity group, which consists of three members. Thành lives in Hoang Hoa district, a rural town in Thanh Hoa province.

In 2006, Thành joined Thanh Hoa Fund for Poor Women to improve her business, which she has been involved in for more than ten years. Thành has successfully repaid eight loans from Thanh Hoa Fund for Poor Women. The main hardship that Thành faces in her business is the lack of capital.

In the future, Thành hopes for her business to do well, to maintain a successful business, and to build a new house.

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
  • 178
    View loans »
    Vietnam Loans Fundraising
  • $14,164,800
    Funds lent in using Kiva
  • 21,199.9
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of 020402080003 Liên Minh _ Hoằng Trường Group's $1,700 loan helped a member to purchase nets to catch fish.
72% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
Possible