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Updated: 2022-10-10 10:39:24

Overcoming difficulties and escaping from poverty thanks to inclusive finance

(VBSP News) At Trang Son commune, Do Luong district (Nghe An province), Ms Nguyen Thi Loi in hamlet 1 is a typical example, which everyone knows in overcoming difficulties to escape from poverty.

The preferential capital not only helps Ms. Nguyen Thi Loi develop the economy but also facilitates many borrowers to access loans.

Being a farming family, in the early years of her marriage, Ms Nguyen Thi Loi’s life faced many economic difficulties. The family's property was only the land left by her father. Ms Loi and her husband did a lot of jobs to have money to cover their lives. However, they still couldn’t escape from poverty. To find a new way in economic development to improve life, in 2016, they discussed and agreed to receive 4 hectares of forest land to build a farm.
With advice and encouragement from the Women's Union of Trang Son commune, she boldly borrowed VND 50 million from VBSP transaction office in Do Luong district to build two pig farms, dig 1 hectare of fish ponds, and plant 2.5ha of melaleuca.
However, she encountered many difficulties. Due to her small capital, lack of experience and knowledge in raising pigs, they were stunted and developed slowly. Thanks to her participation in a training course on pig raising and freshwater fish farming techniques organized by the Women's Union, she has applied livestock production according to the scientific process. Her family's farm gradually grew in size and quality. Currently, Ms. Loi owns 20 sows and 350 pigs, sells 3-4 litters a year, harvests all kinds of fishes with 2 crops a year, earning an income of over VND 300 million/year.
Particularly in 2021, in the outbreak of African swine fever on a large scale, thanks to the application of scientific and technical methods, her pigs developed normally, exported and sold to the market for a good price. Therefore, her family's income reached over VND 800 million.
In addition to raising pigs, fish and planting economic forests, her family also opened a feed agent for cattle and poultry. On average, after deducting all expenses, Ms. Loi's family earns a profit of VND 400-500 million per year.
Not only succeeding in developing the family economy, Ms. Loi is also known to be enthusiastic in activities, women's movements and other movements in the locality. In addition to taking care of her family, she is always willing to share experience and create conditions to help other poor members in the commune. In particular, during the COVID-19 pandemic, Ms. Loi's family donated 1.2 quintals of tilapia and 2 porkers for logistics in the concentrated isolation area in the commune.
From a poor household, until now, thanks to the preferential loan from VBSP, she has escaped from poverty to become a rich household in the commune. Ms. Loi confided: “We are very grateful to the Savings and Credit Group of Village 1, the Women's Union of Trang Son Commune, and the VBSP transaction office in Do Luong district for creating favorable conditions to support my family in economic development to get out of poverty sustainably”.
In recent years, VBSP's preferential capital has not only helped Ms.Loi's family but also helped many women in Trang Son commune to get out of poverty and get rich legitimately in their homeland, contribute to the construction of an enhanced new rural area of the locality.




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