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Jul 15, 2016 9:08 AM ET

Archived: Vietnam: A loan of $2,025 helps a Happy Women Group member to purchase baby chicks to raise and sell in the future.

iCrowdNewswire - Jul 15, 2016

Happy Women Group

Borrower image

Happy Women Group’s story

Ms Phượng is 56 years old and married with two children. She lives in a small house in Bim Son, which is a semi-urban town in the Thanh Hoa Province.

In this group, Phượng’s circumstance is the most difficult since her husband passed away a long time ago. Her children have grown and she lives alone. Phượng has to work hard for her life. She has worked in agriculture raising poultry for six years. Her family is a low-income household in the village, and moreover, her job is unstable.

The main hardship that Phượng faces is lack of capital. She is requesting a loan to purchase baby chicks to raise and sell in the future. This is her first loan with Thanh Hoa Microfinance Institution.

With her business profit, Phượng hopes for her business to do well, for her family to be healthy and happy, and to travel for vacation within the country.

In this group: Phượng, Nhị, Hội
*not pictured 

This loan is special because:

It supports women from ethnic communities and single parent families. 

Vince Main
Kiva staff 

More about this loan

This loan helps ethnic communities and vulnerable groups living in the Thanh Hoa province. Vietnam is a multi-ethnic country with many distinct ethnic groups. Each group has its own language, lifestyle and cultural heritage. The vast majority of ethnic tribes live in the hilly areas of the north and central highlands and face obstacles in access to important resources such as education, capital, market and agricultural land. By supporting this loan you are helping vulnerable groups to increase their income and preserve their way of life.


About Thanh Hoa Microfinance Institution Limited Liability:

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.

A loan of $2,025 helps a member to purchase baby chicks to raise and sell in the future.

Contact Information:

Happy Women Group

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