Customer success stories from VBSP’s inclusive finance services (part 1)

The household of Ms. Vo Thi Phu at Hoai Chau Bac commune, Hoai Nhon district, Binh Dinh province borrowed VND 50 million from the Job Creation Lending Program to invest in a weaving machine and create 10 jobs for local labors

Viet Phat Co. Ltd at Quang Phu commune, Luong Tai district, Bac Ninh province specializes in manufacturing wooden furniture, borrowing from Job Creation Lending Program of VBSP to expand the factory , buy machines and materials; therefore, the company creates 20 jobs for local labors

Thanks to VBSP’s preferential capital, many Cham ethnic households Van Giao commune, Tri Ton district, An Giang province can conserve and develop traditional handy craft and create more jobs for local labors

The poor household of Ms. Nguyen Thi Thanh at Kenh Dao village, Dat Mui commune, Ngoc Hien district, Ca Mau province borrowed preferential capital from VBSP to invest in seafood cultivation and exploitation to earn more income for the family

Thanks to VBSP’s preferential capital, Mr. Lam Tam’s family, a Khmer ethnic household of Tan Hung commune, Long Phu district, Soc Trang province can buy a hatching machine and build chicken houses to invest in poultry farming with higher income

Thanks to VBSP’s preferential capital, a Dao ethnic household of Mr. Phan Giao Sieu and Mrs. Phuong Mui Phay at Nam Ty commune, Hoang Su Phi disrict, Ha Giang province can start from small scale animal husbandry to be a bigger farm with a husky machine, herds of pigs and cows. The household became an example of a good loan user in the locality

The Khmer ethnic family of Mr. Thach Hoai Phong and Mrs. Le Thi Ngoc Rang at Thuan Hoa commune, Cau Ngang district, Tra Vinh province borrowed preferential capital from VBSP to change the way of crop cultivation from low efficient rice into higher income vegetable

Borrowed from VBSP’s Housing for the Poor Lending Program, the Khmer ethnic family of the twin people of Mr. Chau Ach and Mr. Chau Uong in Van Giao commune, Tinh Bien district, An Giang province now can build a new house for the first time in their life

Borrowed from VBSP’s Safe Water and Sanitation Lending Program, the Khmer ethnic family of Mr. Thach Chanh Da in Nhi Truong commune, Cau Ngang district, Tra Vinh province now can build a new water tap and a latrine for the first time in his life

The Tay ethnic family of Mrs. Luong Thi Hien in Tan Tien commune, Bach Thong district, Bac Kan province borrowed preferential capital from VBSP to invest in forestation for higher annual income

As a poor Khmer ethnic household, however, after borrowing from VBSP, Mr. Danh Nhuong at Thu Ba town, An Bien district, Kien Giang province invested in high value cucumber instead of low value rice. His family escaped from poverty. His children could go to school. He could build a new house with necessary equipments and become a new well-off family in the town

Ms. Le Thi Hoan (yellow shirt) in Xuan Trach commune, Bo Trach district, Quang Binh province borrowed VND 15 million from VBSP to build flood resistant house

Mr. Y Din KTLa’s family of the E De ethnic group in Sut Mdung hamlet, Cu Sue commune, Cu Mgar district, Dak Lak province borrowed VND 50 million from the Poor Household Lending Program to expand his area of pepper and coffee plantation