News / Industry News Article
100% Repayment in Poverty Alleviation ProgramDecember 31, 2009
All of the 39 families in GVI-NorthWood's Poverty Alleviation program have fully paid back their loans. The Bac Ha Farmer Association (GVI's program partner in Lao Cai) also reports that all the loans were paid back on time. The Association is excited about the success of the project and wants to parner with GVI over the next several years.
All of the households used the loans correctly for their intended purpose of helping their businesses and providing capital in times of emergency or natural disaster.
(100% of household using the loan for the right purpose to do business and they return their loan ( and the interest also as their committment ) on time. No one own their debt.
that there are the last 39 families returned their loan to our fund plus the interest increasing about $100.????