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01 Nam Vượng Group
In this Group: Lệ, Hòa, Hưng
Mrs. Lệ is 31 years old, and she is married with four children. She has a service business tailoring clothes. Lệ has been involved in this business for more than 10 years. The main hardship that Lệ faces in her business is the lack of capital.

In 2013, Lệ joined Thanh Hoa Fund for Poor Women to improve her business. Lệ has successfully repaid two loans from Thanh Hoa Fund for Poor Women. She is the leader of a three-member group, the 01 Nam Vượng solidarity group.

She is requesting a loan to purchase more cloth to sew clothes to sell.

In the future, Lệ hopes for her family to be healthy and happy, for her business to do well, and for her children to find good jobs.

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
  • $14,187,950
    Funds lent in using Kiva
  • 21,208.9
    Vietnam Dong (VND) = $1 USD
Paying Back

This loan has been fully funded!

A portion of 01 Nam Vượng Group's $1,425 loan helped a member to purchase more cloth to sew clothes to sell.
83% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2014
Listed
Aug 18, 2014
Currency Exchange Loss:
Possible