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Client success stories

Updated: 2016-01-04 11:10:47

Lending to right borrowers

(VBSP News) “I escaped from poverty thanks to the Farmer Association’s introduction to borrow VBSP’s preferential loans”. That’s Mr. Danh An’s confidence – Khmer ethnic minority living in ward 4, Vi Thanh city (Hau Giang province). He borrowed VBSP’s loan to do business. So far, he not only released poverty but also had an income of hundreds million of Vietnamese dongs per year.

Anh Nguyễn Văn Quang đang chăm sóc đàn bò của gia đình

Timely borrowing loans, many farmers in Long Binh Commune, Long My District effectively invested in production, escaped poverty and had stable lives

Choose eligible borrowers

Danh An is one of nearly 40 thousand people who approached preferential loans of VBSP Branch of Hau Giang province. This helped his family have more funds for production investment and more stable life than in the past. 

Nguyen Van Con – leader of savings and credit group of Farmer Association in region I, ward 4, Vi Thanh city said “To promote loans effectively from VBSP, selection of eligible borrowers is one of the most important factors to contribute to promote VBSP loans effectively. “Currently, my savings and credit group had 53 members with total outstanding loans of VND 881 millions, all households had specific production methods to apply for the loan.

To ensure the transparent process, Deputy Director of Hau Giang branch Nguyen Minh Vuong told: lending consideration and approval must ensure democrat ion, on public and eligibility in order to mitigate negative cases arising such as wrong loan use, overdue debt etc.

Savings deposit reached over VND 30 billion

The preferential credit quality of Hau Giang branch has considerably improved thanks to the pro-active coordination among VBSP with local mass-organizations and savings and credit groups in terms of monitoring and supervising proper loan use, on-time repayment, loan collection as well as savings mobilization.

At present, Hau Giang province has got 2,291 savings and credit groups with average outstanding loans of VND 650 million per one group. Of which, there are 1,588 good groups (accounting for 69.31%), 513 rather good groups (accounting for 22.39%). Total SCG’s savings deposits reached over VND 30 billion as the end of the first quarter in 2015, increasing VND 940 million compared with the same time of previous year. The rate of collecting due debt was higher than 2014 which created revolving funds (above 40%).




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