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Updated: 2016-03-01 07:55:06

Empower financial inclusion for poor households in Yen Bai province

Nhờ chịu khó, chăm chỉ làm ăn, gia đình đình chị Đặng Thị Tâm ở thôn Đồng Bành, xã Yên Thái đã thoát nghèo

Household of Dang Thi Tam has got away from poverty thanks effective loan

utilization from VBSP in Dong Banh, Yen Thai district, Yen Bai province

Yen Bai branch Director Nguyen Thanh Hai says as of 31th December 2015, the loan portfolio of the VBSP’s branch in Yen Bai province reaches about VND 1,900 billion serving around 85,000 household borrowers who are poor, near-poor households, disadvantaged students, ethnic minority in rural, remote and mountainous areas, representing the low delinquency rate of 0.47%.

“To achieve the outstanding achievement in providing small finance for poor households and other policy-based beneficiaries, this is thanks to mutual coordination, effort and devotion for working of all branch employees”.

To get more understanding on the success of product delivery, we paid a visit to the Van Yen District transaction office of Yen Bai province. In 2015, the transaction office extended 10 preferential credit programs to over 14,000 turns of borrowers with total loan portfolio of over VND 311 billion.

Visited the poor household of Dang Thi Tam, Dao ethnic minority in Dong Banh, Yen Thai commune, Van Yen district we had a chance to listen to Tam’s confide, she said: After borrowing VND 30 million in the poor household lending program for raising cows and plant tea. Thanks to taking care and disease prevention, the mother cow gave birth to one calf and a bump harvest of tea field, helping her family to generate incomes and release poverty. Recently, right after on time and full repayment, she continued to borrow VND 50 million from the credit program for households who have just released poverty in order to expand business and production, improving the living standard for family members.

Van Yen district branch lent more than VND 126 billion to 9,000 poor households, around VND 41 billion for over 2,000 near poor households, nearly VND 30 billion for clean water supply and sanitation to 4,500 households, VND 73 billion to business and production households in disadvantaged areas and nearly VND 10 billion to over 300 households who just released from poverty.

Rural farmers happily read the VBSP’s credit information on the commune board

Shared with us on the duty and operation plan of the branch in 2016, Yen Bai branch Director Nguyen Thanh Hai emphasized to enhance community participation and close coordination with local government to extend lending to poor households and other disadvantaged beneficiaries, making such a significant contribution to poverty reduction and socio-economic development in Yen Bai province.

                                             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