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Nhóm 02,đa Phan,hải Lộc Group
In this Group: Phương, Len, Hằng, Liên, Duyên, Ong, Loan, Mai
Mrs. Phương has a stall selling fruit. She is requesting a loan to purchase more fruit to resell.

Phương is 26 years old and is married with 3 children.
She is the leader of an 8-member group, the Nhóm 02,Đa Phan,Hải Lộc solidarity group.

In 2011, Phương joined Thanh Hoa Fund for Poor Women to improve her business. Phương has successfully repaid 3 loans from Thanh Hoa Fund for Poor Women. Phương has been involved in this business for more than 10 years. One of the most critical business difficulties that concerns her is the lack of capital.

With her business profit, Phương hopes for her family to be healthy and happy, to build a new house, 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
  • 187
    View loans »
    Vietnam Loans Fundraising
  • $14,164,800
    Funds lent in using Kiva
  • 21,224.9
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Nhóm 02,đa Phan,hải Lộc Group's $3,125 loan helped a member to purchase more fruit to resell.
91% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2014
Listed
Aug 17, 2014
Currency Exchange Loss:
Possible