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Client success stories

Updated: 2021-07-23 14:44:25

Policy credit helps people in Dai Loc district have better lives

(VBSP News) Over the past time, thousands of poor households and other policy beneficiaries in Dai Loc district (Quang Nam province) have been able to access preferential capital from VBSP to develop production and increase income.


VBSP in Dai Loc district disburse loans at commune transaction points

Determinedly borrow capital for economic development

Director of VBSP Dai Loc District Le Tan Hung said that over the years, policy credit has made a positive contribution to implementation of the goal of rapid and sustainable poverty reduction, ensuring social security in the locality. Many households in the area have determinedly invested in livestock and farming to become better off.

Visiting the 3B cow breeding model of Mr. Bui Tien Vu in Ngoc Kinh Dong village, Dai Hong commune, Dai Loc district, Mr. Vu said that he used to work as a Deputy secretary of the Commune Youth Union and realized the high economic potential of growing grass to raise 3B super meat cows in his home commune. In early 2020, he decided to borrow VND 80 million from the VBSP Dai Loc district, plus his savings, he invested nearly VND 200 million to build a farm, growing grass, raising 20 cows.

A 3B cow on average takes 14 months from birth to be sold out. Cows which are not convenient for reproduction take 6 months to be sold. Normally, each 3B cow has a higher selling price than a normal cow by about VND 10 million. 3B bulls are currently priced at about VND 20 million each. A 5 month old breeding cows can be sold at VND 25 million VND whereas adult 3B cows (more than 1 year old) is around VND 48 million VND.

Currently, Vu raises about 20 3B cows, in order to have source of food for the cows, he grows 10 sao (5,000m2) of elephant grass and purple grass as a green food source for cows. In addition, he also added corn stalks, corn bran, rice bran etc, to ensure sufficient nutrients for the cows to thrive.

“In order to have the property like today, I thank the State for lending me money. As a young man at the beginning of my career, if I didn't have preferential credit, I don't know what to do. Although I just started a business, my family's economy has stabilized so far, I have just sold the first 9 bulls, got VND 432 million of which my profit is 240 million VND…”, Vu happily shared.

Funding for poor and near-poor households

According to the Director of the VBSP Dai Loc district, over the years, the unit has focused on lending under programs such as lending to poor households, near-poor households, households just getting out of poverty, job creation, disadvantaged students and households doing business in disadvantaged areas, rural safe water and sanitation. From the preferential capital of VBSP, thousands of households have invested in animal husbandry, farming and managed to rise out of poverty sustainably.

Thanks to lending to the right subjects and customers doing business effectively, the rate of overdue debt so far in VBSP Dai Loc is only VND 103 million, accounting for 0.027% of the total loan outstanding.

In the coming time, VBSP Dai Loc will closely follow socio-economic development goals and orientations of Dai Loc district to channel preferential loans for economic development; continue to focus lending capital on priority programs for poor households, near-poor households, etc. for economic development, job creation, life improvement, and together with localities to well implement the national target of sustainable poverty reduction and new rural development.

Doan Hong - Tran Hau



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