Additional Loans

1. Who can get loans:

Customers have borrowed capital at Thanh Hoa MFI for at least 6 months, currently have a loan and need to borrow more.
Customers aged from 18 to 65 years old, have full civil act capacity as prescribed by law.
Customers have permanent residence for at least 1 year or certificate of temporary residence for at least 3 years in the lending area of Thanh Hoa MFI.
Customers and their spouses have no debt of group 2 or more in the last 6 months and have no debt of group 3 or more in the last 3 years at Thanh Hoa MFI and other credit institutions (up to the time of application), unless the customer can demonstrate that this is not the customer's fault.
Customers have been in actual production business for 1 year or more.
Customers have a viable business plan and is assessed by Thanh Hoa MFI as being able to repay the debt.
Commitment to well abide by the lending regulations of Thanh Hoa MFI and lending cluster.

2. Loan purpose:

Customers borrow to add capital to production, business, agro-forestry-fishery, services, and income-generating activities within the framework permitted by law, or for consumption purposes.

3. Location of capital collection/distribution:

At the transaction points of Thanh Hoa MFI, located at the Village Cultural House where customers live.

4. Loan method:

5. Tenor:

6. Loan amount:

The customer selects the loan amount and the Thanh Hoa MFI staff appraises and approves the loan, so that the total of two existing loans of the customer does not exceed VND 40 million for first-time borrowers, and not more than VND 50 million for customers borrow from 2nd cycle or more.

7. How to apply for a loan: choose one of the 3 ways below:

Click Register (right below this article)
Contact the microfinance officer at the Transaction Office where you live at the phone numbers of the transaction offices
Contact the staff of the Village Women's Union where you live

Loans