A loan of $800 helped a member to purchase young livestock to raise & sell in the future.


06.01.22 Hoang Hoa Group's story

"Ty N. T. (108) is a 58 year-old woman living in the town of Hoang Hoa ,Thanh Hoa. Ty is the group leader of a 3-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 06.01.22 Hoang Hoa (06.01.22 Hoang Hoa).

Ty is married and has 3 adult -aged children. To make a living, Ty operates a family member's business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising cattle for sale. Ty has been engaged in this business for over 10 years and earns approximately 5.000.000 VND a month from these activities.

In 2002, Ty 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. Ty 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 young livestock to raise & sell in the future. She is now requesting a new loan of 5.000.000 VND which will be used to purchase young livestock to raise. The loan will be her 6th loan taken out from Thanh Hoa Fund for Poor Women. Ty plans to use the additional revenue generated from the business to improve/expand her business.

About the Other Borrowers in the Group:

1. C. T. Ket (134) is a 58 year-old woman who is requesting a 5.000.000 VND loan to support her business in the food sector, operating a fishing business.

2. N. T. Hanh (107) is a 25 year-old woman who is requesting a 5.000.000 VND loan to support her business in the food sector, operating a fishing business.

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: Ty, Ket, Hanh
*not pictured



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