A loan of $1,775 helped a member to purchase cloth to resell.


01. Đông Vệ Group's story

Phương T. Thị (01)is a 58-year-old woman living in the town of Thanh Hoa. Phương is the group leader of a 6-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 01-Đông Vệ (08.01.01-Đông Vệ).

Phương is married and has 3 adult -aged children. She owns and operates a business providing general clothing services to local community members. Phương has been engaged in this business for over 7 years and earns approximately 3,000,000 VND a month from it.

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 has successfully repaid a previous loan of 3,253,800 VND from Thanh Hoa Fund for Poor Women, which was used to invest in renovating the business. She is now requesting a new loan of 6,159,600 VND which will be used to purchase cloth to resell. This will be the 2nd loan Phương has taken out from Thanh Hoa Fund for Poor Women. She plans to use the additional revenue generated from the business to improve her family's general living conditions.

About the other borrowers in the group:

1. Lê Thị Hương (02) is a 36-year-old woman who is requesting a 6,159,600 VND loan to support her clothing business.

2. N. Thị K. Thoa (03) is a 42-year-old woman who is requesting a 6,159,600 VND loan to support her clothing business.

3.

In this group: Phương, Hương, Thoa, Hồng, Lý, Yến



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Loan details