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Client success stories

Updated: 2016-03-09 17:13:48

SUCCESSFUL STORY IN DIEN KHANH DISTRICT, KHANH HOA PROVINCE

I was born in Khanh Vinh district but our family moved to Dien Tan commune, Dien Khanh district for agriculture production. I and A Sa got married in poverty in 1985. In 1987 we separated from the big family, built our own house equipped with only tw

We used the savings to cultivate 5 poles for sugar-cane growing but we did not have enough money to buy young sugar-canes. I applied for a loan of 1 million dong to buy young sugar-canes as a member of the Women Union. One year later, we used the earnings to buy additional 1 ha and we applied for the second loan of 2 million dongs. Unfortunately we suffered losses and felt into hard situation. In 1998 our business got better and I can repay the loan. We bought additional 2 ha and applied for the third loan of 3.5 million dongs. Thanks to the concern and support from mass organizations and VBSP and with our efforts and experience, we earned 40 million dongs in 2000. We repaid the loan and have expanded our sugar-cane production. We also make wet rice cultivation at the productivity of 4 quintal/pole and get 1.6 tons of rice.

We applied for other loan of 5 million dongs to buy a reproductive cow.

Thanks to the Government and the special support from Dien Khanh district transaction office our family has escaped from poverty. We built a house (valued at 60 million dongs) equipped with modern facilities as gas cooker, electric rice cooker, motorcycle…As the leader of Credit and Savings Group of the Women Union, I now do my best to introduce to lending programmes and support the poor households to develop production and leave poverty.

PHOTO ARTICLES

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...