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Client success stories

Updated: 2016-03-10 09:47:58

Graduating from poverty from small loan

Le Thi Dung in Tan Lien hamlet, Vinh Hien commune, Vinh Linh district, Quang Tri province, born when the country still in war. When she was 3, she suffered from paralytic which cannot be cured, causing her left leg shrank. 

In order to have someone to lean on when growing old and to hold the right of being a mother, she had a pretty boy. Her family and neighbors built her and the child a thatch house in a small garden, everyone feel sorry as seeing her life. Day by day, her thatch house gradually toned to pieces while she insists on raising the child and sending him to school. Her child loves his mother very much, thus, studies very hard and does very good at the school. To get capital for production, she only wished for a loan of even VND 500,000 but nobody lent her as looking at her conditions. Till 2000, Hunger Elimination and Poverty Reduction Board, entrusting through Commune Women’s Union, guaranteed for her to borrow VND 1.5 million from Vinh Linh district branch of Vietnam Bank for the Poor. With such a little amount of initial capital, she invested in animal husbandry by building cattle-sheds and buying 4  piglets; after 6 months she got VND 2 million profit. She continued raising 7 pigs, 30 ducks and 50 chickens . After a animal husbandry spell which brought her VND 5 million profit, she finished paying back to the Bank. In 2003, also with guaranty of Commune Women’s Union, she borrowed VND 5 million from VBSP Vinh Linh transaction office; she simultaneously was invited to take part in training courses of animal husbandry technique transfer. She expanded the cattle-sheds, raised other 17 pigs and developed a poultry herd. She and her child were assisted by “World Vision” organization to build a Biogas oven to have additional firing. With the support of Hunger Elimination and Poverty Reduction loan through VBSP, Dung has now built a spacious house cost VND 25 million, bought furniture and afforded her child education. She was nominated by the Commune Women’s Union to report as a typical person who is good at production at district and provincial level and received certification from VBSP Provincial Board of Directors. She told us emotionally that she was very grateful to the caring of local government, WVU, VBSP at various levels which support her in overcoming her destiny to enrich her family and the society.

Tran Thi Hue - VBSP Quang Tri Branch

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LENDING INTEREST RATE

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

Students

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
Others...

DEPOSIT INTEREST RATE

Term Deposit Rate
Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year
Others...