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Client success stories

Updated: 2021-09-17 09:56:29

Overcome difficult circumstances to escape poverty sustainably

(VBSP News) In recent years, thanks to credit loans from VBSP branch in Do Luong district (Nghe An province), many vulnerable and disadvantaged women in a local area have confidently developed their economy, escaping from poverty sustainably. Following is a success story of a woman in Thong Nhat hamlet, Ngoc Son commune, Do Luong district, namely Dinh Thi Hue.

Mushroom cultivation model by Ms. Hue

As a poor household, her family mainly engaged in agriculture with 2 poles of field, which the family's income is precarious. There was a time when she and her husband intended to leave their hometown to the South for work. However, in 2017, after 3 months of participating in the primary mushroom growing class organized by the Commune Women's Union, she has boldly borrowed VND 30 million from the VBSP to invest in building a factory to grow commercial mushrooms.

In the first year, she grew two types of mushrooms suitable for the local climate after studying and visiting other models. The crop has high productivity ranging from 35,000 - 40,000 VND/kg with stable output. The average income of her family in the first year is from 3.5 to 4 million VND/month. Thereafter, she continues to expand her factory. Until now, she not only escapes from poverty but also become a well-off household, with an average income of 6 to 7 million VND/month. She also has full condition to repair her house.

Based on Hue's business model, many other households in the commune have visited and learned by. She enthusiastically guided and shared her experience with women in the village. Due to that, other women in this area have also borrowed loans to invest in mushroom cultivation with the aim of escaping poverty.

In 2019, the Women's Union in Ngoc Son Commune established a mushroom cultivation cooperative group with 5 members, of which Ms. Hue is a leader. In the new role, she is constantly searching, guiding and connecting the consumption market for the cooperative group. Over 3 years, the cooperative group has provided a stable source of income, helping 5 women reduce poverty, and improve their living standards. Ms Hue has always been at the forefront, actively participating in activities organized by the Women's Union, which deserves to be a typical example for many women in Ngoc Son mountainous commune.




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


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Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year