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Group 2- Xuân Lộc
In this Group: Hường, Thoả, Tươi, Thịnh, Quán
Loan Group 2 consists of five poor women, all of whom live in Xuân Lộc Village, Đông Hai Commune, Thanh Hoá City. Thanh Hoá City is the provincial capital of Thanh Hoá province, one of the poorest provinces in Vietnam. It is located approximately 150 kilometers south of Ha Nội, the capital of Việt Nam.

Mrs. Hường is the lead borrower of the group. She is married and has two children. Her 21-year-old son is studying to become an electrician at Hà Nội University, and her 18-year-old daughter is in the 12th grade. As with her previous three loans, all of which have been repaid on time and in full, Mrs. Hường will use her share of the loan to buy and raise approximately 200 small animals consisting of pigs, chickens and ducks. Mrs. Hừờng will use her profits from the loan to pay school and university fees and to provide board and lodging for her son at Hanoi University.

The loan will be split equally between all five borrowers. The other borrowers in the group will use their share of the loan for similar purposes:

Mrs. Thỏa, a widow, is borrowing 2,442,600 Vietnamese Dong ($143) to buy oranges, apples, bananas and other fruit that she will resell in her village and in Thanh Hoa City (a six-mile bicycle ride from her home).

Mrs. Tươi will use her share of the loan to purchase shrimp and cuttlefish that she'll resell in the market. Cuttlefish is a very popular dish in Vietnamese cuisine.

Mrs. T.nh, a widow, will use her share of the proceeds to buy chickens, ducks and fertilizer.

With her share of the proceeds, Mrs. Quán will buy and raise chickens and pigs for resale.

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
  • 17,048.5
    Vietnam Dong (VND) = $1 USD

Success!! The loan was 100% repaid

A portion of Group 2- Xuân Lộc's $725 loan helped a member chickens, ducks, pigs, seafood, fruit and fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 12, 2008
Dec 9, 2008
Currency Exchange Loss:
Dec 15, 2009