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Noong Luong 11 Group
In this Group: Dan, Hoa, Phuong, Thuong, Un, Hoa
Hoa, 31, is a Lao lady who lives in a small house far from the center of the town with her husband and her two children. Her son is in sixth grade and her daughter is five years old. She and her husband have worked so hard to cover living expenses as well as paid fully tuition fee for the kids, especially after they moved out of their parents' house and started an independent life. Indeed, Hoa mainly works on the field with agricultural activities, such as cultivating rice, raising pigs, chickens, and fish, and planting vegetables for her family's use, while her husband works for a local construction employer.

Hoa said that she was very thankful to Anh Chi Em Program for providing her loans and guiding her in some farming techniques, which has been extremely useful as she lacked both capital and the necessary knowledge of agriculture. For that reason, after being successful with the first loan from Anh Chi Em by investing in pigs, she continues with the second loan, and this time she will use the loan to buy small fish and expand her business with fish. She hopes to gain much profit from this project after taking out the loan and training support from Anh Chi Em, so that she could afford to buy some new furniture for the house and offer a sufficient life for her children.

In the picture, Hoa stands first from the right.

Additional Information

More information about this loan

Anh Chi Em (ACE) is an International NGO microfinance program that supports vulnerable and marginalized individuals in the severely underserved regions of Dien Bien and Muong Ang District in Dien Bien Province and in Northern Vietnam. Launched in 2007 by the French non-profit Entrepreneurs du Monde, ACE focuses on the financial inclusion of women from marginalized ethnicities and those affected by AIDS.
ACE offers two types of flexible loans alongside a voluntary savings program. The amortizing and bullet loans provide borrowers with key capital at an interest rate of 18%, compared to the national averages of 23.01%. The savings program pays clients 6% returns per annum.
Kiva lender’s funds help ACE to expand its services into new communes and more districts and offer loans to more vulnerable individuals. 

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.


About Vietnam

  • $725
    Average annual income
  • 69
    View loans »
    Vietnam Loans Fundraising
  • $12,926,025
    Funds lent in using Kiva
  • 21,204.4
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Noong Luong 11 Group's $1,575 loan helped a member to buy small fish.
83% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
May 16, 2014
Jun 19, 2014
Currency Exchange Loss: