A loan of $2,075 helped a member to purchase additional inventory & working capital.


09 Đông Vệ Group's story

Hương N. Thị (48) is a 45-year-old woman living in the town of Thanh Hoá. Hương is the group leader of a seven 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 loan group is 09 Đông Vệ (08.01.09 Đông Vệ).

Hương is married and has 2 school-aged children. To making a living, Hương owns & operates a food stall in her community. The main source of income for the business comes from selling a variety of food products. Hương has been engaged in this business for over 7 years and earns approximately 3,000,000 Vietnamese dong (VND) a month from it.

In 2010, Hương 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. Hương has successfully repaid a previous loan of 3,253,800 VND from Thanh Hoa Fund for Poor Women. This previous loan was used to invest in expanding the business. She is now requesting a new loan of 6,159,600 VND which will be used to purchase additional inventory & working capital. This will be her second loan from Thanh Hoa Fund for Poor Women. Hương plans to use the additional revenue generated from the business to improve and expand it.

About the Other Borrowers in the Group:

1.

In this group: Hương, Lợi, Nụ, Huệ, Hà Vân, Huê, Phương Lan
*not pictured



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