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Client success stories

Updated: 2016-03-10 09:34:12

Lift from poverty from microfinance

Look at Truong Van No’s household annual income, just over VND 30 million, one may not consider them as being rich. Hence, comparing to his Mong minority group in Thang Sap hamlet, Cao Chuong commune, Tra Linh district, Cao Bang province.

Image result for ho ngheo nhcsxh cao bang

Having about 1 ha of corn field in a rocky mountain but the household kept being in starvation and poverty year by year as they were lack of capital and production experience. After taking cautious consideration, No discussed with his wife to borrow VND 7 million from VBSP for production. First of all, he built cage, bought seedling cows, planted new kind of corn so that they could utilize its trunk to feed cows, and cut down cow herding effort. After corns were harvested, he planted elephant grass to feed the cows. Up to now,his cows has developed to a herd of six ones.

With training and experienced received, Mr.No applied advance technology into planting trees, thus, he gained around 5 tons of rice and corns each year. As food was available, he invested in raising chickens and pigs. He knows how to balance between long term and short term production which results in high productivity in both planting and animal husbandry. At present, No’s family has had an income of more than 30 million dong per year. He has bought about 2,000 m2 rice field, afforded his children to go to school, built houses for each of his three children and facilitated his house with modern convenience. He intends to invest in building a farm to expand animal husbandry, increase income, therefore, to get richer.

Being enterprising, Truong Van No has been considered as one of the well producing and doing business households of ethnic minority groups in Cao Bang province.

Source: Sai gon giai phong



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