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Press Release

Updated: 2017-08-04 21:32:10

Case study: Experiences in managing microfinance from VBSP is extremely valuable

(VBSP News) That was the assertion of Mr. Md.Abul Khaer, Program Coordinator Development Initiative for Social Advancement (DISA) during the last exposure visit to VBSP in last July. 

Ông Vũ Minh Thường (thứ 3 từ trái qua) giới thiệu với Đoàn công tác của Tổ chức DISA và Tổ chức phát triển Phi Chính phủ Cộng đồng Proyas Monobik Unnayan về giống ổi mới được ông đầu tư từ vốn vay NHCSXH

Mr. Vu Minh Thuong (3rd from left) presents to DISA delegation and Proyas Monobik Unnayan Community Society of new guava species that he invests from loan of VBSP.

During the exposure visit in Vietnam, the mission of DISA Organization and Proyas Monobik Unnayan Community Development Organization of Bangladesh has visited best practices of VBSP’s customers in Hanoi and Quang Ninh province.
In Quang Ninh, the delegation visited the household of Mr. Vu Minh Thuong, Dong Dien village, Son Duong commune, Hoanh Bo district. From a poor household working as hired labor to earn a living, in 2008 his family borrowed VND 30 million from poor household program of VBSP to invest in planting 200 green grapefruit trees, more than 100 dragon fruit trees, 100 red guava trees and raising chickens. With his diligence, hard work together with application of science and technology into breeding and production, to 2012, his family has escaped from poverty. In 2015, Mr. Thuong household continues to take VND 50 million from the loan program for the newly escaped from poverty to expand trees planting and husbandry. At present, his family has become a middle income household, a best practice for neighbors.
In recent years, VBSP system has created favorable conditions for people to access preferential loans for economic development. In particular, loan program for job creation in Hanoi has been providing opportunities to improve people's lives. The mission of DISA and the Proyas Monobik Unnayan Society visited Nguyen Thi Nu's family in Ha Tan village, Tan Linh commune, Ba Vi district (Hanoi), who borrowed from Job creation program and get high economic efficiency.

Đoàn đã tới thăm mô hình chăn nuôi bò sữa của gia đình chị Nguyễn Thị Nụ

The mission visited milk cow raising model of Ms. Nguyen Thi Nu family

Previously, Nu's family was economically disadvantaged. The couple brushed up on many jobs to make a living, but life was very precarious. In April, 2017 through Savings and Credit group managed by Women's Union at the village, she was given a preferential loan of VND 50 million from job creation program to raise milk cow. Thanks to her hard work, so far, she has developed the herd to 10 cows, the cows have begun to supply milk, promising a near future of good income for her family.
Ms. Nu said: “Thanks to the preferential loan from VBSP, our family has the opportunity to invest in expanding breeding thus, raising our children. Without this loan, my family does not know when to have money for raising cattle."
Md Abul Kalam Azad, Program Manager of Proyas Monobik Unnayan Society said that “Lending to the poor and policy beneficiaries of VBSP is very effective, these models are well worth to learn, replicate and experiences in managing and channeling loans are lessons that we can apply in the future in Bangladesh”.

Hiệu quả hoạt động của Công ty Cổ phần bánh sữa Ba Vì được các thành viên trong Đoàn công tác đánh giá cao

The performance of Ba Vi Milk Joint-Stock Company was highly appreciated by members of the mission

Visiting Ba Vi Milk Joint Stock Company in Cam Phuoc Village, Tan Linh Commune, Ba Vi District owned by Mr. Dao Cong Truong. In 2014, the company borrowed VND 300 million from Job creation program of VBSP to invest in machines and equipments for production. Truong confided: "Thanks to bank’s loan, my company can buy equipment, expand production. Since then, the company has created regular jobs for 50 employees. Monthly salary paid by the company is 8 million at the highest and 3 million at the lowest”.
Through the introduction of Director Dao Cong Truong with the mission of DISA and the Proyas Monobik Unnayan Society on the difficulties of the company since its establishment, thanks to concessional loans from VBSP, the company has grown up and created jobs for many workers.
Md.Abul Khaer, Program Coordinator Development Initiative for Social Advancement asserted that the policy credit program that VBSP is implementing has helped the poor and policy beneficiaries to improve living standard, escape from poverty. Thanks to loans from VBSP and support of science and technology, the position of the poor in Vietnam has improved which is a prerequisite for micro-economic development in Bangladesh.

After visiting the grassroot network of VBSP, the delegation had a meeting with the senior management board at the Headquarters.

Quang cảnh buổi làm việc

Deputy CEO Nguyen Duc Hai had an opening speech at the Headquarters

Source: VBSP News








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