Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

Thanh Hoa Microfinance Institution Limited Liability (Thanh Hoa MFI) 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 lift thousands of families out of poverty. Thanh Hoa MFI grants loans to 17,000 borrowers on average each year with loans that vary in size from $200 to $2000.

To learn more about Thanh Hoa MFI, please watch this video highlighting their history and achievements. Also you can learn about the positive impact Kiva loans have had on two Thanh Hoa MFI borrowers Hue and Tien in these short videos.

Thanh Hoa MFI partners with the local Women’s Union, a socio-political organization dedicated to empower women, and together they seek to alleviate poverty through the sustainable and professional delivery of microfinance.

Thanh Hoa MFI’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. Thanh Hoa MFI fulfills 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. Through their credit program Thanh Hoa is helping to improve the role and position of women in family and society. Thanh Hoa MFI supports poor and low-income households to build clean water and biodigester systems, construct hygienic household sanitation, and participate in many additional projects to improve the quality of local people's lives.

Thanh Hoa MFI has received awards from Citibank, State Bank of VietnamandMicrofinance Working Group for six years in a row. In 2014, they were recognized as the best microfinance institution in Vietnam.

Thanh Hoa MFI was previously known as Thanh Hoa Fund for Poor Women or FPW for short. They changed their name in 2014 when they converted from a Social Fund to a MFI.

Click here to view or contribute to Thanh Hoa MFI’s current Kiva loans.

Images courtesy of Thanh Hoa MFI.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 13, 2008 Oct 12, 2005
Total Loans $4,775,000 $711,336,875
Amount of raised Inactive loans $0 $416,850
Number of raised Inactive loans 0 252
Amount of Paying Back Loans $2,192,075 $133,649,125
Number of Paying Back Loans 1,825 152,636
Amount of Ended Loans $2,582,925 $577,270,900
Number of Ended Loans 1,802 716,692
Delinquency Rate 0.00% 8.38%
Amount in Arrears $0 $7,331,420
Outstanding Portfolio $1,334,044 $87,526,731
Number of Loans Delinquent 0 28,677
Default Rate 0.00% 1.12%
Amount of Ended Loans Defaulted $0 $6,485,241
Amount of Ended Loans $2,582,925 $577,270,900
Number of Ended Loans Defaulted 0 19,256
Currency Exchange Loss Rate 0.00% 0.25%
Amount of Currency Exchange Loss $25 $1,755,454
Refund Rate 0.41% 0.69%
Amount of Refunded Loans $19,625 $4,879,850
Number of Refunded Loans 19 5,378

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 96.01% 74.34%
Average Loan Size $367 $417
Average Individual Loan Size $650 $654
Average Group Loan Size $1,586 $1,846
Average number of borrowers per group 4.6 8
Average GDP per capita (PPP) in local country $5,600 $5,942
Average Loan Size / GDP per capita (PPP) 6.55% 7.01%
Average Time to Fund a Loan 8.92 days 6.3 days
Average Dollars Raised Per Day Per Loan $41.13 $66.17
  Average Loan Term 14.6 months 10.74 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,778 350,480
  Journaling Rate 84.36% 41.43%
  Average Number of Comments Per Journal 0.02 0.07
  Average Number of Recommendations Per Journal 0.59 1.58

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 21% PY 22.00% PY 32.02% PY
  Profitability (return on assets) 2% 7.2% -1.92%
  Average Loan Size (% of per capita income) 10.30% 11.00% 19.63%

Country Fast Facts

Field Partner Staff

Quyên Bùi Thị
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Hương Hoàng Thị
Phương Hoàng Thị
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Đăng Lại Thị
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Hà Lê Thị
Loan Lê Thị
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Thanh Hoa Lê Thị
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