News & Events
Escaping from poverty thanks to preferential capital
(VBSP News) During the journey of accompanying and implementing preferential credit programs in Anh Son district (Nghe An), many disadvantaged people were supported by the State’s preferential capital for production and business. Therefore, many households have had a stable life, some of which have even become rich. Ms. Nguyen Thi Phuong in village 10, Phuc Son commune, Anh Son district is an example of overcoming difficulties, which is admired by many people.
Ms. Nguyen Thi Phuong at her tea garden which is invested from VBSP's capital
Fate made her to carry on a lot of misery. Therefore, it is hard to believe that the woman can firmly overcome difficulties, explore the way for economic development and gradually get rich by herself.
Like many other families, she used to have a happy life when the young couple tried to build a life in their homeland together. However, her husband suddenly died due to illness, leaving her worried about life and her four children. With the responsibility of being a main laborer in the family, she has to work as a hired laborer but the living conditions still cannot be improved. Her children's education is at risk of dropout.
Thanks to the enthusiastic guidance of the Head of the Savings and Credit Group, in 2013, she borrowed VND 30 million from Poor Household Lending Program from VBSP in Anh Son district. She invested immediately in raising pigs and cows. Gradually, her family got better. After making a profit, she continued to invest 2,500m2 of her family's hill garden in fish pond and tea plantation. Thanks to the application of science and technology in animal husbandry and cultivation, each year the models of raising pigs, planting tea and fish ponds bring high profits. At the beginning of 2017, she escaped from poverty and repaid the loan to the bank.
Do not give up in front of the difficulties, in mid-2017, she bravely borrowed VND 50 million from VBSP’s lending program for Production and Business Households Living In Disadvantaged Areas and Communes, plus the accumulated savings, she invested 5 hectares of forest in planting acacia and green tea. Ms. Phuong said: “The preferential capital helped my family have acacia forest, lush green tea hill, 8 cows and fish ponds so my family life is getting better now".
- The Financial Awareness Program: "Understand to Avoid Being Deceived"
- VBSP successfully implements Digital Education Program - Go Digital ASEAN for the vulnerable groups in Vietnam
- New opportunities for individuals completing their prison sentences
- Bringing a Warm Spring to the Poor
- The VBSP’s Board of Directors (BOD) held its regular meeting for the fourth quarter of 2024
- Annual Report 2022
- VBSP implements tasks for the year 2025
- The effectiveness of the job creation lending program
- The year 2024: VBSP achieves many outstanding achievements
- Dong Van rose out of poverty
- Policy credit in the new rural development
- Duc Tho - a rice district flourishes from preferential capital
- Helping ethnic minorities get loans for sustainable poverty reduction
- Guidance on preferential credit policy to the elderly
- Getting better thanks to borrowing to raise chickens
- VBSP's inclusive finance review in first six months in 2019
- Workshop “Financial literacy for the poor and other policy beneficiaries via mobile phone application”
- Empower war veterans to do production & business
- War Veteran and policy credit
- Invalids but not Incapacity
- The Financial Awareness Program: "Understand to Avoid Being Deceived"
- VBSP successfully implements Digital Education Program - Go Digital ASEAN for the vulnerable groups in Vietnam
- New opportunities for individuals completing their prison sentences
- Bringing a Warm Spring to the Poor
- Annual Report 2023
- The VBSP’s Board of Directors (BOD) held its regular meeting for the fourth quarter of 2024
- Annual Report 2022
- VBSP implements tasks for the year 2025
- The effectiveness of the job creation lending program
- The year 2024: VBSP achieves many outstanding achievements
LENDING INTEREST RATE
|
DEPOSIT INTEREST RATE
|