Last updated April 10, 2013

Partner Description:

Thanh Hoa Fund for Poor Women (FPW) provides credit to women and their families in the central Vietnamese province of Thanh Hoa. Since it began in 1998, the program has provided over US$5 million in loans to more than 90,000 clients, helping thousands of families lift themselves out of poverty.

As a partner of the Thanh Hoa Women’s Union, a socio-political organization dedicated to empower women, the program seeks to alleviate poverty through the sustainable and professional delivery of microfinance.

FPW’s mission is to build economically-viable families and communities through formal microfinance that provides effective and client-friendly financial and non-financial products to poor and low-income households.

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Thanh Hoa is one of the poorest provinces in Viet Nam. Poor households account for 37% of its total population of 3.7 million. Lack of capital is the most common challenge standing between these families and improving their economic status. FPW is a response to this critical need in the community.

The institution’s target clients are poor and low-income women who have the ability to work but lack the capital. Accordingly, FPW 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.

Status Update - September 11, 2011

As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.

During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff.

The information gathered during this process, together with the Kiva's new risk rating system and half-star support, has led us to revise FPW’s risk rating from 2 to 3 stars

We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio. FPW has been informed of our analysts’ findings and their corresponding change in rating.

Images courtesy of FPW.


Kiva HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 13, 2008 Oct 12, 2005
Total Loans $2,196,025 $536,584,175
Amount of Raised Inactive Loans $1,300 $240,350
Number Of Raised Inactive Loans 1 240
Amount of Paying Back Loans $825,200 $108,976,300
Number Of Paying Back Loans 584 112,332
Amount of Ended Loans $1,369,525 $427,367,525
Number Of Ended Loans 1,045 549,352
Delinquency Rate 0.00% 3.52%
Amount In Arrears $0 $2,470,527
Outstanding Portfolio $519,346 $70,115,648
Number of Loans Delinquent 0 10,959
Default Rate 0.00% 1.01%
Amount of Ended Loans Defaulted $0 $4,335,486
Amount of Ended Loans $1,369,525 $427,367,525
Number Of Ended Loans Defaulted 0 14,050
Currency Exchange Loss Rate 0.00% 0.06%
Amount of Currency Exchange Loss $25 $298,028
Refund Rate 0.86% 0.82%
Amount of Refunded Loans $18,900 $4,417,000
Number Of Refunded Loans 18 4,864

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 99.71% 74.09%
Average Loan Size $291 $417
Average Individual Loan Size $629 $656
Average Group Loan Size $1,393 $1,811
Average Number Of Entrepreneurs Per Group 4.9 8
Average GDP Per Capita (PPP) in Local Country $725 $3,463
Average Loan Size / GDP Per Capita (PPP) 40.11% 12.04%
Average Time To Fund A Loan 3.21 days 5.27 days
Average Dollars Raised Per Day Per Loan $90.64 $79.06
  Average Loan Term 12.36 months 10.04 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 924 268,469
  Journaling Rate 78.74% 42.12%
  Average Number Of Comments Per Journal 0.03 0.09
  Average Number Of Recommendations Per Journal 1.14 2.06

Kiva HelpBorrowing Cost Comparison (based on 2011 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Portfolio Yield 23.10% 21.60% 34.93%
  Profitability (Return on Assets) 1.5% 4.7% -1.11%
  Average Loan Size (% of Per Capita Income) 10.30% 12.00% 42.70%

Kiva HelpCountry Fast Facts

Field Partner Staff

Quyen Bui Thi
Ngan Dinh Thi
Hiep Hoang Thi
Phuong Hoang Thi
Tinh Hoang Thi
Elena Kuhn
Ly Le Quang
Hien Le Thi
Hoa Le Thi
Huong Le Thi
Nhung Le Thi
Thao Le Thi
Thao Le Thi
Yen Le Thi
Ngoc Ha Mai Thi
Thuy Mai Thi
Xuong Mai Thi
Hien Ngo Thi
Thanh Ngo Thi
Duong Nguyen Hai
Giang Nguyen Thi
Hang Nguyen Thi
Hanh Nguyen Thi
Hong Nguyen Thi
Huong Nguyen Thi
Huyen Nguyen Thi
Huyen Nguyen Thi
Lan Nguyen Thi
Lan Nguyen Thi
Phuong Nguyen Thi
Phuong Nguyen Thi
Tho Nguyen Thi
Van Nguyen Thi
Hong Pham Thi
Thuy Ha Pham Thi
Thuy Truong Thi