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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 $16,456,475 $1,330,802,700
Amount of raised Inactive loans $0 $547,125
Number of raised Inactive loans 0 685
Amount of Paying Back Loans $3,931,375 $147,970,550
Number of Paying Back Loans 3,679 195,474
Amount of Ended Loans $12,525,100 $1,182,285,025
Number of Ended Loans 10,777 1,522,055
Delinquency Rate 0.02% 10.42%
Amount in Arrears $520 $9,802,012
Outstanding Portfolio $1,815,371 $94,101,479
Number of Loans Delinquent 5 55,529
Default Rate 0.00% 1.74%
Amount of Ended Loans Defaulted $0 $20,609,355
Number of Ended Loans Defaulted 0 50,258
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $25 $5,175,709
Refund Rate 0.12% 0.59%
Amount of Refunded Loans $19,625 $7,878,725
Number of Refunded Loans 19 7,776

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 92.29% 76.40%
Average Loan Size $613 $394
Average Individual Loan Size $918 $609
Average Group Loan Size $1,792 $1,761
Average number of borrowers per group 4.4 7.7
Average GDP per capita (PPP) in local country $5,600 $5,776
Average Loan Size / GDP per capita (PPP) 10.94% 6.82%
Average Time to Fund a Loan 8.17 days 7.13 days
Average Dollars Raised Per Day Per Loan $75.02 $55.26
  Average Loan Term 15.35 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 6,794 789,496
  Journaling Rate 56.75% 43.17%
  Average Number of Comments Per Journal 0.01 0.03
  Average Number of Recommendations Per Journal 0.17 0.81

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% PY 22.00% PY 25.36% PY
  Profitability (return on assets) 1.35% 7.2% -1.96%
  Average Loan Size (% of per capita income) 10.30% 11.00% 12.88%

Country Fast Facts

Field Partner Staff

Quang Bùi Ngọc
Hảo Bùi Thị
Quyên Bùi Thị
Quyên Bùi Thị
Định Cao Công
Thơm Cao Thị
Hoàng Hà Huy
Tâm Hà Quyết
Huyên Hà Văn
Diệu Anh Hoàng
Dung - CNTP Hoàng Thị
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Biên Hoàng Văn
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Vinh Hoàng Văn
Elena Kuhn
Đăng Lại Thị
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James MacKenzie
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Vardah Malik
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Trang Nguyễn
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Dung DA Nguyen Thi
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Phuong Nguyen Thi
Quế Nguyễn Thị
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Thanh Nguyen Thi
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Thu Hiền Nguyễn Thị
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Trang Nguyễn Thị
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Dung Nguyễn Thị - QX
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