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08.01.11 Đông Vệ Group
In this Group: Loan, Nga, Hồng, Hương, Huyền
Hồng is 41 years old and married with 2 children. She is the leader of the 08.01.11 Đông Vệ solidarity group, which consists of 5 members. Hồng lives with 2 dependents in Thanh Hoa city, an urban town in Thanh Hoa province. Mrs. Hồng has run a manufacturing business making wood furniture for over 10 years. She is requesting a loan to purchase more wood for woodworking.

In 2010, Hồng joined Kiva's partner, Thanh Hoa Fund for Poor Women, to improve her business. She has successfully repaid 3 loans from Thanh Hoa Fund for Poor Women. One of the most critical business difficulties she faces is a lack of capital. Hồng hopes for her children to do well in school, for her business to do well and, with her business profits, to be able to buy more supplies and equipment.

Additional Information

About Thanh Hoa Microfinance Institution Limited Liability (Thanh Hoa MFI)

Thanh Hoa MFI works to provide credit to women and their families in the central Vietnamese province of Thanh Hoa, one of the poorest regions of the country. The institution's target clients are poor and low-income women who have the ability to work but lack the capital. Accordingly, Thanh Hoa MFI prioritizes single mothers, low-income women with children who have dropped out of primary school, and Viet Nam’s poorest women who cannot access any formal financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Vietnam

  • $5,600
    Average annual income
  • 72
    View loans »
    Vietnam Loans Fundraising
  • $17,316,975
    Funds lent in using Kiva
  • 20,810.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 08.01.11 Đông Vệ Group's $1,800 loan helped a member to purchase more wood for woodworking.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 4, 2012
Apr 1, 2012
Currency Exchange Loss:
Apr 20, 2013