Funded

Total loan: $1,300
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02.13.1.1Nam Ngạn Group

Vietnam
Thanh Hoá, Vietnam / Beauty Salon

A loan of $1,300 helped a member to purchase materials needed for a beauty salon.


02.13.1.1Nam Ngạn Group's story

Quyên Ngô Thị's main source of income comes from providing hairdressing and beauty services to members of her community. Quyên (1) is a 34-year-old woman living in the town of T. Hóa. She is married and has two school-age children. Quyên has been in her business for over 10 years and earns approximately 2.500.000 dong (VND) a month.

In 2009, Quyên joined T. Hoa Fund for Poor Women to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Quyên has successfully repaid a previous loan of 1.626.900 VND from T. Hoa Fund for Poor Women. This previous loan was used to purchase materials needed to provide her services. She is now requesting a new loan of 6.000.000 VND which will be used to purchase materials needed for her business. This will be her second loan from T. Hoa Fund for Poor Women. Quyên plans to use the additional revenue to improve the general living conditions of her family.

Quyên is the leader of a four member group accessing a loan offered by T. Hoa Fund for Poor Women. While each member of the group receives an individual loan, they 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 13.1.1 Nam Ngạn (02.13.1.1).

About the Other Borrowers in the Group: 1.

In this group: Quyên, Nghĩa, Thủy, Liên
*not pictured



Loan details

Loan length:

22 months
Disbursed date: December 8, 2009
Facilitated by Field Partner: Thanh Hoa Microfinance Institution Limited Liability

Lenders and lending teams



Loan details

Loan length:

22 months
Disbursed date: December 8, 2009
Facilitated by Field Partner: Thanh Hoa Microfinance Institution Limited Liability