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08-01-07-Phú Sơn2 Group
In this Group: Minh, Chung, Thiết, Nhàn
Mrs. Minh has a manufacturing business making wood furniture. She has been involved in this business for more than 10 years. The main hardship that Minh faces in her business is lack of capital. She is requesting a loan to purchase wood to make wood furniture.

Minh is 44 years old and she is married with two children. She lives and works in Thanh Hoa city, an urban area in Thanh Hoa province, with no dependents; her children are grown up. With her business profit, Minh hopes for her family to be healthy and happy, for her business to do well, and for her children to find good jobs.

In 2011, Minh joined Thanh Hoa Fund for Poor Women to improve her business. Minh has successfully repaid four loans from Thanh Hoa Fund for Poor Women. She is the group leader of the 08-01-07-Phú Sơn2 solidarity group, which consists of four members.

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
  • 70
    View loans »
    Vietnam Loans Fundraising
  • $16,977,375
    Funds lent in using Kiva
  • 21,085.0
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of 08-01-07-Phú Sơn2 Group's $2,000 loan helped a member to purchase wood to make wood furniture.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 15, 2014
Feb 19, 2014
Currency Exchange Loss:
Mar 17, 2015