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.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 13, 2008 Oct 12, 2005
Total Loans $2,795,775 $572,426,225
Amount of raised Inactive loans $0 $297,900
Number of raised Inactive loans 0 284
Amount of Paying Back Loans $1,207,550 $116,953,150
Number of Paying Back Loans 909 122,727
Amount of Ended Loans $1,588,225 $455,175,175
Number of Ended Loans 1,197 579,816
Delinquency Rate 0.00% 3.66%
Amount in Arrears $0 $2,787,702
Outstanding Portfolio $868,517 $76,066,668
Number of loanDelinquent 0 11,650
Default Rate 0.00% 1.08%
Amount of Ended Loans Defaulted $0 $4,913,874
Amount of Ended Loans $1,588,225 $455,175,175
Number of Ended Loans Defaulted 0 15,176
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $25 $405,498
Refund Rate 0.68% 0.78%
Amount of Refunded Loans $18,900 $4,475,600
Number of Refunded Loans 18 5,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 98.85% 74.23%
Average Loan Size $311 $418
Average Individual Loan Size $654 $657
Average Group Loan Size $1,433 $1,823
Average number of borrowers per group 4.8 8
Average GDP per capita (PPP) in local country $725 $3,443
Average Loan Size / GDP per capita (PPP) 42.85% 12.15%
Average Time to Fund a Loan 5.28 days 5.49 days
Average Dollars Raised Per Day Per Loan $58.84 $76.17
  Average Loan Term 13.07 months 10.23 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,020 285,684
  Journaling Rate 78.05% 42.46%
  Average Number of Comments Per Journal 0.03 0.08
  Average Number of Recommendations Per Journal 1.04 1.94

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 22.00% 22.00% 33.71%
  Profitability (return on assets) 0.3% 7.2% -1.30%
  Average Loan Size (% of per capita income) 10.30% 11.00% 42.09%

Country Fast Facts

Field Partner Staff

Quyên Bùi Thị
Hiệp Hoàng Thị
Phương Hoàng Thị
Tình Hoàng Thị
Vân Hoàng Thu
Elena Kuhn
Lý Lê Quang
Hoa Lê Thị
Nhung Lê thị
Thảo Lê Thị
Thao Le Thi
Yến Lê Thị
Thủy Mai Thị
Xuong Mai Thi
Hiên Ngô Thị
Thanh Ngô Thị
Đường Nguyễn Hải
Hằng Nguyễn Thị
Hằng Nguyễn Thị
Hạnh Nguyễn Thị
Hiền Nguyễn Thị
Hồng Nguyễn Thị
Hương Nguyễn Thị
Hương Nguyễn Thị
Huyền Nguyễn Thị
Lan Nguyễn Thị
Lan Nguyễn Thị
Lan Nguyễn Thị
Phương Nguyễn Thị
Phượng Nguyễn Thị
Vân Nguyễn Thị
Hồng Phạm thị
Thúy Hà Phạm Thị
Sơn Trần Kim
Thủy Trương Thị
Ngân Đinh Thị