Funded

Total loan: $2,700
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10 Đông Sơn Group

Vietnam
Thanh Hoá, Vietnam / Food Production/Sales

A loan of $2,700 helped a member to purchase raw ingredients needed to make products for sale.


10 Đông Sơn Group's story

Hà B. Thị (247) is a 37-year-old female living in the town of Thanh Hoá. Hà is the group leader of an eight-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 10 Đông Sơn.

Hà is married and has three school-age children. To making a living, Hà owns and operates a business making and selling food. While not the only means for generating revenue, the main source of income for the business comes from selling rice products in the local community. Hà has been engaged in this business for over five years and earns approximately 2,000,000 VND a month from these activities.

In 2008, Hà joined Thanh Hoa Fund for Poor Women to gain access to financial services to help improve her living situation and her ability to engage in business activities. Hà has successfully repaid a previous loan of 1,963,500 VND from Thanh Hoa Fund for Poor Women. This previous loan was used to purchase additional products to sell. She is now requesting a new loan of 6,000,000 VND, which will be used to purchase raw ingredients needed to make products for sale. The loan will be the third loan taken out by the borrower from Thanh Hoa Fund for Poor Women. Hà plans to use the additional revenue generated from the business to pay her children's tuition fees.

About the other borrowers in the group:

1. N. Thị Thương (246) is a 27-year-old female who is requesting a 6,000,000 VND loan to support her service-based business.

2.

In this group: Hà , Thương, Chinh, Anh, Hương, Lý , Thu, Lụa
*not pictured



Loan details

Loan length:

22 months
Disbursed date: November 23, 2009
Facilitated by Field Partner: Thanh Hoa Microfinance Institution Limited Liability

Lenders and lending teams



Loan details

Loan length:

22 months
Disbursed date: November 23, 2009
Facilitated by Field Partner: Thanh Hoa Microfinance Institution Limited Liability