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Nhóm 3 Giang Sơn - Hoằng Trường Group
In this Group: Nguyên, Lý, Chinh
Mrs. Nguyên operates a food stall selling fish. She is requesting a loan to purchase more fish to resell.

Nguyên is 51 years old and she is married with 3 children. She is the group leader of the Nhóm 3 Giang Sơn - Hoằng Trường solidarity group, which consists of 3 members. Nguyên lives in Hoang Hoa district, a rural town in Thanh Hoa province.

In 2012, Nguyên joined Thanh Hoa Fund for Poor Women to improve her business. Nguyên has successfully repaid 4 loans from Thanh Hoa Fund for Poor Women. Nguyên has been involved in this business for more than 10 years. The main hardship that Nguyên faces in her business is the lack of capital.

In the future, Nguyên hopes for her family to be healthy and happy, to make enough money to provide for her kids, 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

  • $725
    Average annual income
  • 155
    View loans »
    Vietnam Loans Fundraising
  • $13,308,775
    Funds lent in using Kiva
  • 21,213.4
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Nhóm 3 Giang Sơn - Hoằng Trường Group's $1,700 loan helped a member to purchase more fish to resell.
60% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2014
Listed
Aug 18, 2014
Currency Exchange Loss:
Possible