Total loan: $575
40 Quãng Hưng Group
Thanh Hoá, Thanh Hoa, Vietnam / Agriculture
40 Quãng Hưng Group's loan finished fundraising, but these other borrowers need your support
A loan helped Veterinary sales and agricultural products.
40 Quãng Hưng Group's story
Loan Group 40 consists of six poor women, all of whom live in village 3 Quang Hung Commune, Thanh Hoa City. Thanh Hoa City is the provincial capital of Thanh Hoa province, one of the poorest provinces in Vietnam, and is located approximately 150 kilometers south of Hanoi, the capital of Vietnam. Mrs. Tu Nguyen Thi is the lead borrower of the group. She is 54 years old. Prior to borrowing from the Fund for Poor Women, her husband was unemployed, her two children had to quit school because Mrs Tu and her husband couldn’t afford the school fees, and her family farmed a small plot of land. In short, her family’s life was very difficult. Since she started borrowing from the Thanh Hoa Fund for Poor Women, Mrs Tu has always repaid her loans in full and on time. With previous loans, she opened a veterinary office in her house which provides her husband with employment. With her share of this loan she will invest in the veterinary office and will also continue raising animals. Her family’s life has gradually improved and she is very grateful to the Thanh Hoa Fund for Poor Women. The loan will be split equally between all six borrowers with each member of the group borrowing 1,626,900 Vietnamese Dong, or just under US$100. The other borrowers in the group will use their share of the loan as follows: * Mrs. Minh Nguyen Thi is borrowing money to buy vegetables from farmers that she will resell at market. * Mrs. Chieu Hoang Thi is borrowing money to buy and raise chickens and ducks. * Mrs. Tham Bui Thi is borrowing money to invest in her tailoring business. * Mrs. Tinh Pham Thi is borrowing money to buy fertilizer and for growing vegetables. * Mrs. Huyen Pham Thi is borrowing money to buy pig meat to make a very popular food in Thanh Hoa province that she will sell to restaurants and street vendors.