Quang Binh Women Development Fund (QBWDF) is a social fund that provides households in the Quang Binh province of Vietnam with loans for small businesses and to construct sanitary latrines. Lack of sanitation is a major health concern for the 20-30% of Quang Binh’s population who live well below the poverty line.
 
QBWDF aims to improve the health standards of these communities by providing loans to women who would otherwise not be able to afford building sanitary latrines in their communities.
 
A unique lending approach:
 
QBWDF uses a group lending strategy to provide loans to 10-15 women who are already part of a savings/loan group. Most of these women earn less than $2/day. 
 
QBWDF offers loans depending on the type of latrine needed and the loan is repaid in monthly installments. After dispersing the loans, QBWDF follows up with borrowers to ensure they have used the loans to build and/or update their latrines.
 
The loans provide funding to women that help cover the cost of materials and labor to construct sanitary latrines. Additionally, QBWDF trains masons to construct the latrines and connects the masons with clients in need. QBWDF has trained at least one mason for every community where the latrines will be built. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 10, 2014 Oct 12, 2005
Total Loans $2,580,325 $1,609,079,370
Amount of raised Inactive loans $0 $859,175
Number of raised Inactive loans 0 756
Amount of Paying Back Loans $655,700 $165,318,825
Number of Paying Back Loans 1,212 202,818
Amount of Ended Loans $1,924,625 $1,442,901,370
Number of Ended Loans 3,347 1,907,547
Delinquency Rate 26.89% 17.21%
Amount in Arrears $87,074 $17,834,956
Outstanding Portfolio $323,818 $103,633,584
Number of Loans Delinquent 1,212 75,528
Default Rate 0.05% 1.71%
Amount of Ended Loans Defaulted $1,049 $24,705,555
Number of Ended Loans Defaulted 6 61,798
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $7,011,687
Refund Rate 0.16% 0.59%
Amount of Refunded Loans $4,150 $9,486,100
Number of Refunded Loans 6 8,846

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 99.25% 77.44%
Average Loan Size $566 $392
Average Individual Loan Size $566 $600
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $5,600 $5,673
Average Loan Size / GDP per capita (PPP) 10.11% 6.91%
Average Time to Fund a Loan 4.56 days 8.07 days
Average Dollars Raised Per Day Per Loan $124.23 $48.58
  Average Loan Term 24.93 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 368 980,751
  Journaling Rate 10.56% 42.28%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.67

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% APR 22.00% PY 26.41% PY
  Profitability (return on assets) 3.05% 7.2% -0.56%
  Average Loan Size (% of per capita income) N/A 11.00% 11.35%

Country Fast Facts

Country:
Vietnam
Capital:
Hanoi
Official Language:
Vietnamese (official), English, some French, Chinese, and Khmer, Mon-Khmer, Malayo-Polynesian
Population:
93,421,835
Avg Annual Income:
$5,600
Labor Force:
agriculture: 48%, industry: 21%, services: 31%
Population Below Poverty Line:
17.20%
Literacy Rate:
94.50%
Infant Mortality Rate (per 1000):
18.99 deaths
Life Expectancy:
75.46 years

Field Partner Staff

Quyen Nguyen