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

Status update — January 8, 2021

Managing foreign borrowing and transferring funds out of Vietnam can be complex, and Thanh Hoa MFI’s risk rating has been decreased from 3.5 stars to 2.5 stars to reflect this complicated regulatory environment. While we feel it is unlikely, sudden regulatory changes may affect Kiva’s partnership with Thanh Hoa MFI.

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.

User-added image

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 $20,710,050 $1,632,975,445
Amount of raised Inactive loans $0 $2,249,475
Number of raised Inactive loans 0 3,971
Amount of Paying Back Loans $2,032,075 $160,817,300
Number of Paying Back Loans 1,462 191,070
Amount of Ended Loans $18,677,975 $1,469,908,670
Number of Ended Loans 16,513 1,943,539
Delinquency Rate 0.27% 16.24%
Amount in Arrears $3,204 $16,228,631
Outstanding Portfolio $990,204 $99,910,365
Number of Loans Delinquent 10 55,619
Default Rate 0.00% 1.71%
Amount of Ended Loans Defaulted $0 $25,169,918
Number of Ended Loans Defaulted 0 62,988
Currency Exchange Loss Rate 0.00% 0.41%
Amount of Currency Exchange Loss $25 $7,245,060
Refund Rate 0.09% 0.58%
Amount of Refunded Loans $19,625 $9,499,275
Number of Refunded Loans 19 8,858

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 91.70% 77.46%
Average Loan Size $682 $390
Average Individual Loan Size $989 $601
Average Group Loan Size $1,792 $1,800
Average number of borrowers per group 4.4 8
Average GDP per capita (PPP) in local country $5,600 $5,664
Average Loan Size / GDP per capita (PPP) 12.18% 6.89%
Average Time to Fund a Loan 7.96 days 8.13 days
Average Dollars Raised Per Day Per Loan $85.62 $48.01
  Average Loan Term 15.5 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 8,599 987,031
  Journaling Rate 46.49% 42.02%
  Average Number of Comments Per Journal 0.01 0.03
  Average Number of Recommendations Per Journal 0.14 0.67

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 26.65% PY
  Profitability (return on assets) 1.22% 7.2% -0.14%
  Average Loan Size (% of per capita income) 10.30% 11.00% 11.50%

Country Fast Facts

Field Partner Staff

Quang Bùi Ngọc
Quyên Bùi Thị
Thơm Cao Thị
Mạnh Hà Mai
Huyên Hà Văn
Diệu Anh Hoàng
Dung - CNTP Hoàng Thị
Hương Hoàng Thị
Hương Hoàng Thị
Huyen Hoang Thi
Tinh Hoang Thi
Vân Hoàng Thu
Biên Hoàng Văn
Biên Hoàng Văn
Vinh Hoàng Văn
Đăng Lại Thị
Đăng Lại Thị
Phi Lê Hồng
Quang Lê Hữu
Kiên Lê Ngọc
Huyền Lê Thanh
Bình Lê Thị
Duyên Lê Thị
Hà Lê Thị
Hằng Lê Thị
Huệ Lê Thị
Linh Lê Thị
Loan Lê Thị
Thanh Hoa Lê Thị
Thảo Lê Thị
Trang Lê Thị
Huyền Lê Thị Thanh
Hiền Lưu Thị
Sáu Lưu Thị
James MacKenzie
Thao Mai
Vân Mai Hà
Hạnh Mai Thị
Hiền Mai Thị
Huệ Mai Thị
Thơm Mai Thị
Vardah Malik
Kim Trọng Ngô
Toản Ngô Anh
Hà Ngô Thị
Hoài Ngô Thị
Thúy Ngô Thị
Yến Ngô Thị
Trang Nguyễn
Phương Nguyễn Hà
Tiệp Nguyễn Hữu
Chung Nguyễn Thành
Dung Nguyễn Thị
Dung Nguyễn Thị
Dung Nguyen Thi
Hằng Nguyễn Thị
Hằng Nguyễn Thị
Hiền Nguyễn Thị
Lan Nguyễn Thị
Lan Nguyễn Thị
Ngân Nguyễn Thị
Ngọc Nguyễn Thị
Ngọc Nguyễn Thị
Nhung Nguyễn Thị
Phuong Nguyen Thi
Quế Nguyễn Thị
Tâm Nguyễn Thị
Thanh Nguyen Thi
Thanh Nguyễn Thị
Thủy Nguyễn Thị
Thủy Nguyễn Thị
Trang Nguyễn Thị
Tuyển Nguyễn Thị
Dung Nguyễn Thị - QX
Lộc Nguyễn Thị Bích
Linh Nguyễn Thị Thùy
Trang Nguyễn Thu
Dung Nguyễn Thùy
Nhung Nguyễn Tuyết
Cường Nguyễn Văn
Mạnh Nguyễn Văn
Thiết Nguyễn Văn
Vũ Nguyễn Đăng
Lê Như Quyền
Lan Phạm Thị
Quỳnh Phạm Thị
Thúy Hà Phạm Thị
Tuyền Phạm Thị
Hà Phạm Thị Thúy
Huế Phạm Thu
Linh Phạm Thùy
Tư Phạm Văn
Tư Phạm Văn
Duyên Phan Thị
Quyến Quách Thị
Mai Thanh Huyen
Lực Tô Thế
Hoa Tong
Hoa Tống Thị
Nguyên Trần
Linh Trần Hoài
Sơn Trần Kim
Khá Trần Thế
Hường Trần Thị
Huyền Trần Thị
Nga Trần Thị
Quỳnh Trần Thị
Hương Trịnh Thị
Đặng Tuấn Hùng
Hương Vũ Diễm
Dung Vũ Thị
Hương Vũ Thị
Minh Vũ Thị
Minh Vũ Thị
Bernice Wong
Hoàng Đặng Sỹ
Lam Đặng Thị Thanh
Hương Đặng Thu
Tuyết Đào Thị
Tuyết Đào Thị
Huyền Đinh Thị
Lê Đinh Thị
Nhuần Đỗ Thị