A loan of $1,075 helped a member to purchase young livestock to raise & sell.


030635- Quang Trung - Hoang Thanh- Hoang Hoa Group's story

"N. Lường thị (03 06 087) was born in 1976 and lives in the town of Thôn Quang trung- Hoằng Thanh - Hoằng Hóa. N. is the group leader of a 5-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 030635-Quang Trung- Hoang Thanh (030635-Quang Trung- Hoang Thanh).


N. is married and has 2 school-aged children. To making a living, N. owns & operates a 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. N. has been engaged in this business for over 4 years and earns approximately 800000 VND a month from these activities.


In 2006, N. 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. N. 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 future. She is now requesting a new loan of 4248000 VND which will be used to purchase baby livestock to raise & sell in future. The loan will be the 12th loan taken out by the borrower from Thanh Hoa Fund for Poor Women. N. plans to use the additional revenue generated from the business to improve/expand the business.


About the Other Borrowers in the Group:


1. Lê thị L. (77) is a 32 year-old female who is requesting a 4.248.000 VND loan to support her business in the agriculture sector raising livestock.


2. Lê thị T. (64) is a 48 year-old female who is requesting a 4.248.000 VND loan to support her business in the food sector running a food stall.


3. Hồ thị H. (107) is a 53 year-old female who is requesting a 4.248.000 VND loan to support her business in the manufacturing sector operating a manufacturing business.


4. Chu thị

In this group: Lường Thị, Lê Thị, Lê Thị, Hồ Thị, Chu Thị



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