Group 2- Xuân Lộc
Mrs. Hường is the lead borrower of the group. She is married and has two children. Her 21-year-old son is studying to become an electrician at Hà Nội University, and her 18-year-old daughter is in the 12th grade. As with her previous three loans, all of which have been repaid on time and in full, Mrs. Hường will use her share of the loan to buy and raise approximately 200 small animals consisting of pigs, chickens and ducks. Mrs. Hừờng will use her profits from the loan to pay school and university fees and to provide board and lodging for her son at Hanoi University.
The loan will be split equally between all five borrowers. The other borrowers in the group will use their share of the loan for similar purposes:
Mrs. Thỏa, a widow, is borrowing 2,442,600 Vietnamese Dong ($143) to buy oranges, apples, bananas and other fruit that she will resell in her village and in Thanh Hoa City (a six-mile bicycle ride from her home).
Mrs. Tươi will use her share of the loan to purchase shrimp and cuttlefish that she'll resell in the market. Cuttlefish is a very popular dish in Vietnamese cuisine.
Mrs. T.nh, a widow, will use her share of the proceeds to buy chickens, ducks and fertilizer.
With her share of the proceeds, Mrs. Quán will buy and raise chickens and pigs for resale.
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
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Success!! The loan was 100% repaid