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Oct 6, 2016 2:03 EST

Vietnam: Never Delinquent Group – A loan of $2,025 helps a member to purchase baby poultry to raise and sell in the future.

iCrowdNewswire - Oct 6, 2016

Never Delinquent Group

Vietnam
 
 
Borrower image
 

Never Delinquent Group’s story

Mr. Hải is 43 years old and married with three children. He has worked in agriculture raising poultry for more than 10 years. Hải lives in Hau Loc district, a rural town in Thanh Hoa province. His income is lower than the national average income. Moreover, this region often suffers from natural disasters such as storms because it is near the sea. He has no collateral so can’t get a loan from other banks or credit institutions.

Hải is a reputable person in the community. Although this is his first loan with Thanh Hoa Microfinance Institution, all members agreed to vote for him to be the leader of the solidarity group.

The main hardship that Hải faces is lack of capital. He is requesting a loan to purchase baby poultry to raise and sell in the future.

With his business profit, Hải hopes for his business to do well, to build a new house, and to maintain a successful business.

In this group: Hải, Hằng, Hoá
*not pictured 

This loan is special because:

It empowers low-income women living in remote rural communities to increase income. 

Vince Main
Kiva staff 

More about this loan 

About Thanh Hoa Microfinance Institution:

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 poultry to raise and sell in the future.

Contact Information:

Never Delinquent Group

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