VBSP's partnership
Nayoby Bank
Nayoby Bank is the name in Lao language and it is written in English with abbreviation as ‘NBB’. It is the special bank and its status is a non-profit legal entity under management of the Bank of Lao PDR. It manages and uses the policy loan sources as the credits for supporting the commercial production in 64 poorest districts and socio – economic development in focal areas during the transition from of subsistence economy to commercial market orientation in subject areas such as rural and agriculture finance.
NBB and VBSP signed the Memorandum of Understanding for mutual cooperation focusing on experiences exchange, training, human resource development and legal regulations on organization and operation of VBSP, particularly in preferential credit policies to the poor and other policy beneficiaries. Based on the implementation of the MOU, VBSP organizes training courses and study visits for NBB’s delegation every year.
- Life stability with preferential credit
- Accompanying farmers for poverty reduction
- Life rebuilt thanks to social policy credit
- Effective credit for women in remote areas
- Motivation to get out of sustainable poverty
- VBSP works with Ethiopian Microfinance Institutions
- Getting out of poverty thanks to preferential credit in Quang Tri
- Getting out of policy thanks to preferential policy credit
- Disadvantaged students are given opportunities of schooling
- Policy credit contributes to building new rural areas
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