A loan of $1,075 helped a member vegetables, rice, pork, chickens.

22- Tân Hà Group's story

Loan Group 22 consists of six poor women, all of whom live in the Tan Ha Commune, Thanh Hoa City. Thanh Hoa City is the provincial capital of the Thanh Hoa Province, one of the poorest provinces in Vietnam. It is located approximately 150 kilometers south of Hanoi, the capital of Vietnam.

Mrs. Phung is the lead borrower of the group. She is 50 years old, married, and has two children: a 25-year-old daughter, who is a seamstress, and a 19-year-old son who is studying building construction at a technical college. Her husband helps run the family business, a bicycle repair shop. When her children have the time, they also help repair bicycles.

As with her previous two loans, both have been repaid on time and in full, Mrs. Phung will use her share of the loan to invest in her bicycle repair shop. More specifically, with her loan she will be able to buy 30 tires, 30 inner tubes, 20 baskets, 10 chain rings, and 40 brake cables.

Mrs. Phung will use the profits from her loan to pay her son's school fees, to buy chickens, and to provide for her family.

The $1,075 loan will be split equally between all six borrowers. The other borrowers in the group will use their share of the loan as follows:

* Mrs. An is borrowing 3,079,800 Vietnamese Dong (approx. $181) to buy sandpaper and lacquer for her furniture refinishing business. She will also use some of the proceeds to pay her ten employees.

* Mrs. Thu will use her share of the loan to buy pig meat, rice, and vegetables to make Bánh Khoái (which is made of rice and vegetables) and Bún Chả (which consists of bacon and rice).

* Mrs. Lan operates a street stall from which she sells cooked food. She will use her share of the proceeds to purchase rice, pork, fish, vegetables and tofu for use in her business.

* Both Mrs. Phuong and Mrs. Dần are borrowing to buy vegetables to resell in the Cau Sang Market.

In this group: Phụng, Thu, An, Phương, Lan, Dần

Loan details

Lenders and lending teams

Loan details