A loan of $1,700 helped a member to invest in expanding the business.


01 - Nam Ngạn Group's story

Lan H. Thị, a 54-year-old female living in Thanh Hoá, Vietnam, is the leader of a five-member group loan offered by Thanh Hoa Fund for Poor Women. While each member of the group receives an individual loan, they all are responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is 01 - Nam Ngạn (17.01.01).



Lan, who is married and has three adult children, owns and operates a food stall. While not the only means of generating revenue, the main source of income for the business is the selling of dried goods in the local community. Lan has been engaged in this business for over five years and earns approximately 2,000,000 VND a month from these activities.



In 2007, she joined Thanh Hoa Fund for Poor Women to gain access to financial services to help improve her living situation and ability to engage in business activities. Lan has already repaid a previous loan of 2,442,600 VND from Thanh Hoa Fund for Poor Women used to invest in expanding the business. She is now requesting a new loan of 6,000,000 VND for additional expansion. This will be Lan’s fourth loan from Thanh Hoa Fund for Poor Women, and she plans to use the additional revenue generated from the business to improve the general living conditions of her family.



About the Other Borrowers in the Group:

1. Ngô Thị Ân is a 56-year-old female who is requesting a 6000000 VND loan to support her business in the food sector making and selling food.

2. P. Thị Mạc is a 63-year-old female who is requesting a 6000000 VND loan to support her business in the agriculture sector raising livestock.

3. M. Thị Hương is a 40-year-old female who is requesting a 6000000 VND loan to support her business in the food sector making and selling food.

4. Vũ Thị Hoà is a 39-year-old female who is requesting a 6000000 VND loan to support her business in the agriculture sector raising crops.

About Thanh Hoa Fund for Poor Women:

The mission of Fund for Thanh Hoa Poor Women (FPW) is to provide sustainable financial services to disadvantaged women in rural areas in the Thanh Hoa province.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in Vietnamese while providing quality and accurate information to Kiva lenders.

In this group: Lan, Ân, Mạc, Hương, Hoà



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