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Updated: 2022-09-22 14:52:03

Implementing effectively job creation lending program

(VBSP News) Job creation program is one of 14 credit programs being effectively implemented by VBSP in Sa Dec City (Dong Thap).  In the past time, this capital has helped many laborers to create jobs, increase income, in which many households have sustainably escaped from poverty.

Mr. Nguyen Thanh Hoa plants ornamental flowers to increase his income

Mr. Nguyen Thanh Hoa's family in Khanh Nghia hamlet, Tan Khanh Dong commune was a poor household; therefore his family’s economy faced many difficulties. In 2016, Mr.Hoa borrowed VND 50 million from VBSP to invest in planting ornamental flowers. Thanks to savings and interested in doing business, his family's ornamental flower plantation step by step brought high efficiency and increased income. By 2020, his family escaped from poverty, so he boldly borrowed VND 40 million from the VBSP’s post-poor households program to continue investing in ornamental flowers. Now he built a spacious 4-level house.
Mr. Nguyen Thanh Hoa shared: “In the past, my family was very difficult and had no land to cultivate. Thanks to VBSP’s loan, I rented land and invested in planting Cuc Tiger and marigold, did more gardening to increase income and improve family life. Thanks to low-interest loans to support the poor, the method of paying principal and interest is easy, I pay monthly as much as I have. Using this capital to do business, my family slowly got better and escaped from poverty.
Ms. Huynh Kim Hao's family in hamlet 2, ward 2 is also a typical example of overcoming difficulties thanks to policy loans. In 2020, Ms. Hao borrowed VND 50 million from the VBSP’s job creation program to buy and sell groceries, with an average income of VND 6 million/month. After that, she borrowed more VND 90 million to invest in more essential items. Thanks to her hard work, from a small grocery store to a spacious one, her son extended markets in districts and cities in the province. Therefore, the quantity of goods supply to the market increased, her family life was better.
Thanks to VBSP’s job creation program, Mr. Kieu Van Ve from Phu Thanh hamlet, Tan Phu Dong commune accessed to a loan of VND 50 million to invest in crushers, presses, sedimentation tank for flour production, which produce 182 tons of flour a year. Thanks to his hard work, his family's economy has gradually improved and become a household with good income in the commune. He said: “In the past, making flour in the traditional way gave very little output. Since my family had access to the VBSP's capital, I boldly invested in modern machinery and equipment, thereby making flour more productive, family economy more stable. In the future, we hope that VBSP will expand disbursement to many people, so that farmers can have a more stable life.”
According to the report, as of July 31, 2022, the outstanding balance of the job creation program in Sa Dec reached VND 55 billion, with nearly 1.000 borrowers. Last time, all borrowers used the loans for the right purposes, in which, most farmers invested in ornamental flower production and business, etc. Thanks to the effective use of preferential capital, many households have risen out of poverty.
These results have confirmed the role of social policy credit in the socio-economic development of the city. It is also a fundamental tool and solution for the city's committees and authorities to implement the goals on poverty reduction, job creation, new rural development, social security assurance and economic recovery and development.




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