Funded

Total loan: $2,275
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02.08.1.8 Nam Ngan Group

Vietnam
Thanh Hoá, Vietnam / Food Production/Sales

A loan of $2,275 helped a member to purchase baby livestock to raise & sell.


02.08.1.8 Nam Ngan Group's story

Thuy C. T. is a 41-year-old woman living in the town of Thanh hoa. Thuy is the leader of a seven-member group with a loan from Thanh Hoa Fund for Poor Women. WhiL. each member of the group receives an individual loan, they are all responsibL. for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is 02.08.1.8 Nam Ngan.

Thuy is married and has two grown children. She owns and operates a business raising livestock. WhiL. not the only means of generating revenue, raising cattL. for saL. is the main source of income for the business. Thuy has been engaged in this business for over five years and earns approximately 1.200.000 VND a month from these activities.

In 2009, Thuy joined Thanh Hoa Fund for Poor Women to gain access to financial services to help improve her living situation and the ability to engage in business activities. She has successfully repaid a previous loan of 1.963.500 VND from the Fund. This loan was used to purchase baby livestock to raise and sell. She is now requesting a new loan of 6.000.000 VND which will also be used to purchase additional baby livestock. The loan will be the third loan taken out by the borrower from Thanh Hoa Fund for Poor Women. Thuy 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. P. T. Gai is a 55 year-old woman who is requesting a 6.000.000 VND loan to support her business running a food stall.

2. N. T. Phuong is a 41 year-old woman who is requesting a 6.000.000 VND loan to support her business raising livestock.

3. N. T. Thao is a 31 year-old woman who is requesting a 6.000.000 VND loan to support her fishing business.

4. D. T. Trinh (43) is a 33 year-old woman who is requesting a 6.000.000 VND loan to support her business running a food stall.

5. T. T. Bay (44) is a 34 year-old woman who is requesting a 6.000.000 VND loan to support her general store.

6. L. T. H. Thanh (45) is a 21 year-old woman who is requesting a 6.000.000 VND loan to support her business running a general store.

About Thanh Hoa Fund for Poor Women: The mission of Fund for Thanh Hoa Poor Women (FPW) is to provide sustainabL. 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 whiL. providing quality and accurate information to Kiva lenders.

In this group: Thuy, Gai, Phuong, Thao, Trinh, Bay, Thanh
*not pictured



Loan details

Loan length:

22 months
Disbursed date: February 14, 2010
Facilitated by Field Partner: Thanh Hoa Microfinance Institution Limited Liability

Lenders and lending teams



Loan details

Loan length:

22 months
Disbursed date: February 14, 2010
Facilitated by Field Partner: Thanh Hoa Microfinance Institution Limited Liability