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59 Minh Thắng Minh Lộc Group
In this Group: Phúc, Sáng, Dung, Hiền, Tuyết, Dung, Hoãn, Lý
Mrs. Phúc operates a food stall/restaurant selling fish and shrimp. She is applying for a loan to buy more fish and shrimp to resell. Phúc is 36 years old. She is married and has three 3 children. She is the leader of an 8-member group, the 59 Minh Thắng Minh Lộc solidarity group. In 2010, Phúc joined Thanh Hoa Fund for Poor Women to improve her business. Phúc has successfully repaid four loans from Thanh Hoa Fund for Poor Women. Phúc has been involved in this business for four years. The main hardship that Phúc faces in her business is a lack of capital. In the future, Phúc hopes for her business to do well, for her family to be healthy and happy, and for her children to do well in school.

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
  • 197
    View loans »
    Vietnam Loans Fundraising
  • $14,187,975
    Funds lent in using Kiva
  • 21,199.9
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 59 Minh Thắng Minh Lộc Group's $2,750 loan helped a member to purchase more fish, shrimp to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2014
Listed
Jun 17, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2015