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22- Tân Hà Group
In this Group: Phụng, Thu, An, Phương, Lan, Dần
Loan Group 22 consists of six poor women, all of whom live in the Tan Ha Commune, Thanh Hoa City. Thanh Hoa City is the provincial capital of the Thanh Hoa Province, one of the poorest provinces in Vietnam. It is located approximately 150 kilometers south of Hanoi, the capital of Vietnam.

Mrs. Phung is the lead borrower of the group. She is 50 years old, married, and has two children: a 25-year-old daughter, who is a seamstress, and a 19-year-old son who is studying building construction at a technical college. Her husband helps run the family business, a bicycle repair shop. When her children have the time, they also help repair bicycles.

As with her previous two loans, both have been repaid on time and in full, Mrs. Phung will use her share of the loan to invest in her bicycle repair shop. More specifically, with her loan she will be able to buy 30 tires, 30 inner tubes, 20 baskets, 10 chain rings, and 40 brake cables.

Mrs. Phung will use the profits from her loan to pay her son's school fees, to buy chickens, and to provide for her family.

The $1,075 loan will be split equally between all six borrowers. The other borrowers in the group will use their share of the loan as follows:

* Mrs. An is borrowing 3,079,800 Vietnamese Dong (approx. $181) to buy sandpaper and lacquer for her furniture refinishing business. She will also use some of the proceeds to pay her ten employees.

* Mrs. Thu will use her share of the loan to buy pig meat, rice, and vegetables to make Bánh Khoái (which is made of rice and vegetables) and Bún Chả (which consists of bacon and rice).

* Mrs. Lan operates a street stall from which she sells cooked food. She will use her share of the proceeds to purchase rice, pork, fish, vegetables and tofu for use in her business.

* Both Mrs. Phuong and Mrs. Dần are borrowing to buy vegetables to resell in the Cau Sang Market.

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.

About Vietnam

  • $5,600
    Average annual income
  • 81
    View loans »
    Vietnam Loans Fundraising
  • $14,425,725
    Funds lent in using Kiva
  • 17,531.5
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 22- Tân Hà Group's $1,075 loan helped a member vegetables, rice, pork, chickens.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 14, 2008
Jan 8, 2009
Currency Exchange Loss:
Jan 15, 2010