A loan of $1,600 helped a member to support her business selling food products.


03.1.6 Nam Ngan Group's story

"Nang T. T. (28) is a 48 year old woman living in the town of Thanh Hoa. Nang is the group leader of a 5-member group loan offered by the Thanh Hoa Fund for Poor Women. WhiL. each member of the group receives an individual loan, they all are 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 03.1.6 Nam Ngan (02.03.1.6 Nam Ngan). Nang is married and has 4 adult aged children. To making a living, Nang owns & operates a business venture in the food sector running a food stall. WhiL. not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of food products in the local community. Nang has been engaged in this business for over 7 years and earns approximately 2.000.000 VND a month from these activities. In 2008, Nang 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. Nang has successfully repaid a previous loan of 3.079.800 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 additional products to sell. The loan will be the 3rd loan taken out by the borrower from Thanh Hoa Fund for Poor Women. Nang 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. Mui (L. T.) is a 56 year-old femaL. who is requesting a 6.000.000 VND loan to support her business in the agriculture sector, raising crops. 2. Hanh (N. T.) is a 54 year-old femaL. who is requesting a 6.000.000 VND loan to support her business in the agriculture sector, raising livestock. 3. Loan (N. T.) is a 27 year-old femaL. who is requesting a 6.000.000 VND loan to support her business in the manufacturing sector, operating a manufacturing business. 4. Thao (P. T.) is a 68 year-old femaL. who is requesting a 6.000.000 VND loan to support her business in the agriculture sector, raising livestock. 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: Nang, Mui, Hanh, Loan, Thao
*not pictured



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