TIẾNG VIỆT
Stay Connected:

News & Events

Updated: 2018-07-08 13:45:56

Improve livelihood for poor ethnic minority people

(VBSP News) According to Mr. To Van Hoan - Deputy Director of VBSP, An Giang province has implemented 11 credit programs funded by the Government to provide loans to poor households, ethnic minority households and other policy beneficiaries. Total loans outstanding reached over VND 2,829 billion with over 167,000 active customers; In particular, outstanding loans to ethnic minority people is over VND 215 billion, accounting for 7.62% of total outstanding loans of the branch, with 17,568 active minor ethnic household borrowers.

image001

Getting preferential loans, the Khmer ethnic minority invests in cattle

An Giang is one of the provinces where the rate of Khmer poor, near poor households is relatively high compared to the common rate in the Mekong Delta. In 2018, VBSP is implementing loan programs such as: lending to poor household; near-poor households; newly escaped from poverty households and  Rural clean water and environmental sanitation.

Preferential capital is mainly invested in agricultural, forestry, animal husbandry, housing construction, water supply, rural environmental sanitation. Since then, it has contributed to improving quality of life, changing awareness, changing the way of doing business for thousands of poor households and policy beneficiaries, especially in poor districts, disadvantaged areas and remote areas. Ethnic minority people are more confident and gradually increase their status in society and gradually become familiar with commodity production and market mechanism.

In order to develop high quality service, VBSP has focused on building a commune transaction network and organizing operation commune transaction points to increase access to preferential credit services for the poor and other policy beneficiaries.

VBSP has organized 156 transaction points out of 156 communes, wards and towns, reducing transaction costs of borrowers, especially ethnic minority households in remote and difficult areas. At the same time, to carry out democracy, publicize credit information. In An Giang, over 85% of transaction activities of An Giang VBSP are carried out at Commune transaction points. This creates a good and unique image of the bank.

Nguyen Thi Dieu Hien, vice chairman of the People's Committee of An Hao Commune, Tinh Bien District, said that it was a difficult commune with many ethnic Khmer people. The whole commune had over 13,000 people; Among them, the Khmer people make up 52% ​​of the population. In order to help local people develop their economy, 10 credit programs have been implemented. VBSP is focusing on lending to poor households to develop livestock and small businesses to maximize the strengths of local agricultural and tourist development for economic development and step by step rise to sustainable poverty.

The family of Chau Sinh, a Khmer ethnic group in An Thanh hamlet, An Hao commune, Tinh Bien district, is one of the families who borrow from VBSP to develop breeding cows. From on cow, he now ahs 3 cows. Each year the family sells 2 calves, earning over 60 million VND. Thanks to effective husbandry, his family could build a nice new home, bought two motorcycles and many other household items.

Mr. Chau Sinh said that thanks to raising cows, his children are well educated. His debt has also been paid and he now even has savings deposits at VBSP.

With loan from VBSP, Neang Tha Ray's family in Mang Ro village, Van Giao commune, Tinh Bien district chose to trade products from Thot Not - a disadvantaged locatin of the mountainous area of ​​An Giang province for economic development. From a poor family, now her family has escaped from poverty and has a stable income.

Visit Neag Tha Ria jaggery shop located next to provincial highway 948 connecting Nha Bang town to Tri Ton district at noon, under the hot sun, so many tourists go to the temple in Cam Mountain. The place is called Da Lat of the West. Ms. Neang Tha Ray said that her family income was mainly from this shop. For several years, her family was borrowed from VBSP VND30 million to open more stores for her husband to repair motorcycles, buy more jaggery sugar, cold storage cabinets for sale, so the income is also more stable.

Over the past time, VBSP of An Giang province has cooperated with agriculture, fishery extension and vocational training centers to guide people to organize production and transfer of science and technology and use loans for the right purposes

The News

PHOTO ARTICLES

LENDING INTEREST RATE

Poor Households

Lending to poor households 6,6%/year
Lending to poor households in 64 poor districts as stipulated by the Government Resolution No.30a in 2008 3,3%/year

Near Poor Households

Lending to near poor households 7,92%/year

Students

Lending to disadvantaged students 6,6%/year

People in need of loans for job creation

Lending to business establishments owned by war invalids and handicapped persons 3,3%/year
Others...

DEPOSIT INTEREST RATE

Term Deposit Rate
Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year
Others...