News & Events
The effectiveness of applying technology in policy credit management
(VBSP News) Applying information technology to the implementation and management of loans is one of the most practical efficiency solutions in the VBSP management system. This is an inevitable development trend due to the Industrial Revolution 4.0 and the digital era. Since 2019, the management system of VBSP has simultaneously deployed the financial literacy software application on mobile phones initially made many practical effects, especially in rural and remote areas.
The effectiveness of applying technology in policy credit management
The financial literacy software has been supported and well-received by the people from its very start. Only with a smartphone with Internet connection, Mr. Ma Van Duong, Chairman of Binh Yen Commune Farmers' Association was able to clearly introduce the policy credit programs of VBSP, as well as support his member to quick and convenient loan procedures without the guide of bank officers.
Intending to become a manual, assisting customers in timely access preferential loan, also manage loan information, since 2020, the software has been employed and has received many positive effects and feasibility.
Mr. Nguyen Thanh Nam, Deputy Director of VBSP branch in Dinh Hoa District, share that borrowers can actively calculate their monthly interest. The application also timely update the amount of interest and since then there are no problems with interest payment as well as monthly outstanding interest.
There are nearly 800 customers in Binh Yen commune, who are poor, near-poor households and policy beneficiaries using policy credit sources for economic development, with a total outstanding loan of over VND 24 billion. Fortunately, many households have also approached and used financial education software. Concerning this application, a customer in Khang Thuong hamlet, Binh Yen commune, Mr Truong Cong Tieu can calculate the interest payable monthly. Therefore, he was more proactive in balancing the family's finances, gradually creating a source for escaping poverty.
He shared: "Since I have used this application, I could find information by myself at home without the help of bank officials".
As a difficult locality with mainly depends on agriculture, it is necessary for supporting people to access and effectively use loans in production. Applying technologies is one of the practical solutions to accelerate the poverty reduction in Binh Yen commune as well as Dinh Hoa district in general.
- VBSP thoroughly implements Directive No. 39-CT/TW
- Maximizing the Effectiveness of Policy Credit in Thai Nguyen (Final Part: The Pillar of Sustainable Poverty Reduction)
- Maximizing the Effectiveness of Policy Credit in Thai Nguyen (Part 1: Guided by the Party)
- Getting out of Poverty and Building Wealth with Preferential Loans
- The Cuban Central Bank President visits and works with the Vietnam Bank for Social Policy
- The opportunity for individuals who have completed their prison sentences
- Summary of the Digital Education Program for Vulnerable Groups in Vietnam
- Part 4 - Belief and Aspiration
- Part 3 - The Journey of Spreading Love
- Part 2 - Building Trust, Multiplying Happiness
- Support A Luoi people to overcome difficulties
- Newsletter Vol 10.2021
- Improve the efficiency of policy credit management through smart phone application
- New vitality in the Que Phong mountainous area
- Solutions on VBSP’s social and environmental risk management
- The effectiveness of credit loans to pay wages for work stoppage and production recovery
- Empowering farmers to get out of poverty
- Digital technology application and resource mobilization towards the implementation of green banking project
- VBSP' Hung Yen branch: A helping hand to needy people
- VBSP's implementation results on green credit programs
- VBSP thoroughly implements Directive No. 39-CT/TW
- Maximizing the Effectiveness of Policy Credit in Thai Nguyen (Final Part: The Pillar of Sustainable Poverty Reduction)
- Maximizing the Effectiveness of Policy Credit in Thai Nguyen (Part 1: Guided by the Party)
- Getting out of Poverty and Building Wealth with Preferential Loans
- The Cuban Central Bank President visits and works with the Vietnam Bank for Social Policy
- The opportunity for individuals who have completed their prison sentences
- Summary of the Digital Education Program for Vulnerable Groups in Vietnam
- Part 4 - Belief and Aspiration
- Part 3 - The Journey of Spreading Love
- Part 2 - Building Trust, Multiplying Happiness
LENDING INTEREST RATE
|
DEPOSIT INTEREST RATE
|