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Client success stories

Updated: 2016-03-10 09:43:44

Helping the poor get rich

“Fund is a golden key” is right for the process of poverty elimination of Nguyen Van Thinh’s family, Cao Kenh Hamlet, Hop Thanh commune (Thuy Nguyen).
Image result for nhcsxh ho ngheo trong rung

In 1995, receiving a plot of alluvial land from their parents, the couple made a tent, husband worked on hire, wife did small business at local market to get by. In 2000, Thinh’s wife took part in commune Women’s Union, and was given favorable conditions to borrow VND 3 million from VBP. With additional loans from relatives, they digged ponds to raise fish, planted hundreds of areca trees, opened a store selling groceries. After 2 years, their livings began to be improved. Deducting bank repayment and expenses, they gained about VND 5 million. Success encouraged them to borrow another VND 3 million from VBSP. This time, besides raising pigs, selling groceries, doing the garden, they raised cows. As the results, they got VND 20 million profit. Along with accumulation, they borrowed from VBSP the third time to buy 13 cows, dig 2 poles of pond, raise  tens of pigs more, buy rice grinder. Thus, they became a fair economic level household in the commune. Mrs. Thinh said proudly: “What we have today largely due to support from VBSP. Although loan amount is not large, it is a timely encouragement, a consideration of the Party and the State towards the poor which enhance us to struggle against poverty and get rich.”.

Director of VBSP Thuy Nguyen district transaction office said: “there are many households, like Nguyen Van Thinh’s, who get rich from VBSP loans in this district.” Up to the end of September 2006, total loan outstanding of VBSP at locality reached VND 49.9 billion with 11,266 household clients. After 2 years implementing trust lending (2005- 2006), VBSP fund source helped around 3,300 household escaping poverty. Most of the clients use loans for right purposes and in effective way as gardening, aquaculture, job creation, and repay loans on time, thus, maintain low overdue debt rate. All are great encouragement to staff of VBSP district transaction office to carry out tasks more successfully in future. The transaction office has just set up 27 transaction points at 27 communes and towns to facilitate inhabitants with easy lending procedures, which contribute to the progress of eliminating poverty and getting rich at locality




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