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Nhóm 22 Hưng Bắc Hưng Lộc Group
In this Group: Lan, Hợp , Thơm, Thủy, Lanh
Lan is 32 years old and married with 2 children. She is the group leader of Nhóm 22 Hưng Bắc Hưng Lộc solidarity group, which consists of 5 members.

In 2013, Lan joined the Thanh Hoa Fund for Poor Women to improve her business, and she has successfully repaid 1 loan already. Lan operates a food restaurant selling noodles, and she is applying for this loan to purchase materials to make processed food to sell. She has been involved in this business for 3 years.

One of the most critical business difficulties that concerns her is her lack of capital.

With her business profit, Lan hopes for her business to do well, for her children to do well in school, and for her family to be healthy and happy.

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
  • 133
    View loans »
    Vietnam Loans Fundraising
  • $12,974,825
    Funds lent in using Kiva
  • 21,195.4
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Nhóm 22 Hưng Bắc Hưng Lộc Group's $1,800 loan helped a member to purchase materials to make processed food to sell.
66% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2014
Listed
Jul 28, 2014
Currency Exchange Loss:
Possible