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Updated: 2021-06-30 08:39:15

A devoted leader of Savings and Credit group

(VBSP News) With nearly 20 years of taking part as the leader of Savings and Credit Group in Co Tich hamlet, Dong Tinh village, Tam Duong (Vinh Phuc), Ms. Phung Thi Thuyet has significantly contributed to the management process of entrusted capitals in VBSP. The capital has created great opportunities for members to stabilize their life, as well as invest in their business.

The leader of Savings and Credit Group, Phung Thi Thuyet always supports her members to maximize their capital

Ms. Thuyet has been voted as the leader of the Savings and Credit Group in Co Tich hamlet since 2001. As a leader, Thuyet has supported and motivated lots of policy beneficiary households to approach the preferential loans to invest in their business, improve and stabilize their life. There are 45 members in her Savings and Credit group, who are involved in various loan programs. The outstanding loan of the group is more than VND 2 billion from various policy credit programs. Ms. Thuyet always complains about the guidelines of reviewing, lending money or supporting customers to pay the money on time.

Thanks to her dedication, the Savings and Credit group does not have any case of overdue debt. Besides, almost all customers who approach the preferential loans are able to stabilize their life. She shares that she usually updated customers' situations to support, as well as guide them to use the loans effectively. As a consequence, her members are aware of investing the loans in their own business effectively.

Similar to other households, Ms. Phan Thi Hoa’s life was difficult although she took part in her small business. In 2019, Hoa joined the Savings and Credit group and was lent VND 50 million from the Policy Credit programs. She bought a pair of cows to improve her economic life. Thanks to the loans, she gains a stable income from VND 80 to 100 million per year.  Ms. Hoa expressed that she was supported by the Savings and Credit group, especially by Ms. Thuyet. Tuyet not only takes care of me but also motivates me to run my business, besides guiding me to pay the loan on time. Tuyet was such a dedicated leader.

As a leader, Thuyet is devoted to her tasks and her group. Hence, her group always develops in terms of outstanding loans and members. Besides mentoring, supervising, Thuyet actively propagandas to local people to approach the policy credit programs. Besides taking her role as the leader of the Savings and Credit group, Ms. Thuyet is a typical example of an economic development model with integrated breeds: cow, pig, fruit, etc.  Hence, she is able to stabilize her life, develop her economy. Her dedication to work is praised and Thuyet takes this as her motivation to work. In the next period, Ms. Thuyet continues to support the Savings and Credit group to improve the quality of the loan, effectively reducing poverty, and significantly contribute to the country.





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


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


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