A loan of $1,325 helped a member to purchase additional products to sell.


02- Quảng Xá 2- Đông Vệ Group's story

"Phương N. Thị (6) is a 51-year-old female living in the town of Thanh Hoá. Phương is the group leader of a six-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 02- Quảng xá 2-Đông Vệ (08.06.02-Đông Vệ).


Phương is widowed and has one adult-aged child. To making a living, Phương owns and operates a general store, selling food products in the local community. Phương has been engaged in this business for over five years and earns approximately 2.000.000 VND a month from these activities.


In 2010, Phương 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. Phương is requesting for the first time a loan from Thanh Hoa Fund for Poor Women. She is now requesting a loan of 4.248.000 VND, which will be used to purchase additional products to sell. The loan will be the first loan taken out by the borrower from Thanh Hoa Fund for Poor Women. Phương plans to use the additional revenue generated from the business to improve/expand her business.


About the Other Borrowers in the Group:


1. P. Thị Dung (07) is a 40-year-old female who is requesting a 4.248.000 VND loan to support her business in the food sector making and selling food.


2. Lê Thị Loan (08) is a 33-year-old female who is requesting a 4.248.000 VND loan to support her business in the agriculture sector raising livestock.


3. Vũ Thị Dầu (09) is a 53-year-old female who is requesting a 4.248.000 VND loan to support her manufacturing business.


4. N. Thị Tài (10) is a 41-year-old female who is requesting a 4.248.000 VND loan to support her business in the agriculture sector raising livestock.


5. Lê Thị Kim (11) is a 56-year-old female who is requesting a 4.248.000 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 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: Phương, Dung, Loan, Dầu, Tài, Kim



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