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8.2 million microloans in Vietnam delivered by Vietnam Bank for Social Policies
(VBSP News) Among 18 existing lending programs to 18 policy beneficiaries, Vietnam Bank for Social Policies (VBSP) has directed its attention to the lending to the poor, disadvantaged students, business and production households in disadvantaged areas and the lending for safe water and rural environmental sanitation, job creation and housing purposes in 2011. 
All programs are now easily accessible to the poor throughout the nationwide scale-up of mobile transaction points at all communes since 2011.
VBSP has provided more than 8.2 million microloans to over 7.3 million poorest households in Vietnam, with total outstanding loans of nearly USD 4.7 billion reported by the end of the year. The figure has partly reflected the noticeable contribution of VBSP in poverty elimination in Vietnam, contributing to implementation of Vietnamese Government’s commitment to international community on poverty alleviation and of the first target on poverty elimination in Eight Millennium Development Goals of the United Nations.
Over the last nine years, VBSP is on the way to gradually strengthen the clients’ financial capacity for poverty release, as people living in poverty need not only microloan but also other financial services for a better life. Among diversified products and services for micro borrowers, VBSP in the first instance offers the savings product for the poor through savings and credit groups. VBSP successfully mobilized over USD 60 million in 2011, which is not a big number but a good signal that its clients have acquired the habit of making savings, hence helping them to sustain their life out of poverty. The client’s sustainability certainly is VBSP’s sustainability in the time to come.
- VBSP helps former offenders reintegrate into the community
- With preferential loans, Da Nang workers have a wide path to work abroad
- Over 1.6 trillion VND was lent under policy credit schemes
- A BANK ON THE ROAD” – SERVING THE POOR AND OTHER VULNERABLE GROUPS THROUGH SCHEDULED COMMUNE TRANSACTIONS
- Ha Tinh province announces two new administrative procedures in the field of registration for the operation of VBSP
- Dialogue: "Month of Listening to Union Members and Workers"
- Enhancing the role of local mass organizations in policy credit
- 2,730 customers access inclusive finance in Luc Yen district
- Strengthening Post-Disbursement Monitoring of Loan Utilization
- Concessional Loans Empower Veterans to Pursue Economic Opportunities
- Improve life thanks to small loan
- Seminar on “The role and orientation of Vietnam Bank for Social Policies up to 2020”
- 137 Million of World’s Poorest Received a Microloan in 2010
- VBSP pays exchange visit to Nayoby Bank in Laos
- Credit Analysis Manual for Vietnam Bank for Social Policies
- Closing Ceremony of Technical Cooperation Project for Vietnam Bank for Social Policies
- Savings mobilized from the poor: Small deposit generate great benefit
- Pilot model on lending to ex-addicts with HIV/AIDS
- New BOD Chairman hosts 33th regular meeting, Quarter III/2011
- VBSP training financial education for Regional Fisheries Livelihoods Program in South Asia and Southeast Asia (RFLP)
- A BANK ON THE ROAD” – SERVING THE POOR AND OTHER VULNERABLE GROUPS THROUGH SCHEDULED COMMUNE TRANSACTIONS
- 2,730 customers access inclusive finance in Luc Yen district
- Concessional Loans Empower Veterans to Pursue Economic Opportunities
- Giving opportunities and instilling confidence in reformed offenders in Dak Lak
- Policy credit "awakens" the value of traditional craft villages in Nghe An province
- Digitalization of policy credit for the poor and other vulnerable segments to contribute to the national comprehensive finance strategy
- Saving Money to Help the Poor
- 47,454 poor households and other policy beneficiaries acess inclusive finance in Nghe an province during first six months
- more than 6.7 million customers reach preferential loans from VBSP
- Phu Tuc Commune Branch of VBSP disbursed over 142.39 billion VND for vulnerable clients in first six months
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