Nayoby Bank of the Lao PDR paid a study visit to VBSP

From 21-25 June 2010, the 7-member delegation of Nayoby Bank of the Lao PDR (NBB), led by the General Director of NBB, Mr.Baulong Xayavong, had a study tour to VBSP.

NBB delegation paid field visit to a commune transaction point in Quang Ninh province

As VBSP and NBB are both policy banks, NBB also has worked as a non-profit bank with a mandate to provide loans to the poor mostly on the 47 poorest districts of the Lao PDR. The bank has been established to ensure that more poor families can be reached by financial services and poverty can be more effectively tackled. The bank also provide loans to a range of clients in areas such as agriculture, forestry, services and handicrafts. The bank has taken steps to ensure those without collateral can access loans by providing the opportunity for local authorities and production groups to guarantee loanees.

During 5 days at VBSP, the delegation paid a courtesy visit to the Governor of the State Bank of Vietnam cum the Chairman of the Board of Directors of VBSP, Mr. Nguyen Van Giau, joined the workshop on VBSP operations. During 22-23 June 2010, the delegation had a field visit to Quang Ninh branch where they had experience at a mobile transaction point at commune, talked and interviewed with VBSP clients. The delegation has highly appreciated VBSP model and experiences to be useful to NBB, the remarkable success of VBSP, especially the model of mobile transaction point at commune.  

Highlightedly, VBSP and NBB signed the MOU on 24 June 2010, accordingly VBSP and NBB agrees to exchange experiences, training, human resource development, legal regulations on organization structure and operations, and experiences on implementation of preferential credit policies to the poor and other policy beneficiaries. It is recognized a good  opportunity for VBSP to learn from NBB to perfect its operations on the way to serve the customers the best. Hopefully, in the future VBSP and NBB will cooperate not only in experience and lesson exchange but also in other promising areas.