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Updated: 2022-12-26 13:59:24

Timely bringing capital to the poor

(VBSP News) Over the past years, the system of Savings and Credit groups in villages and communes in Dak Nong province has become an "extended arm" of the provincial branch of VBSP. Through this system, the State's preferential capital has reached to the people timely.

Households in Dak Buk So commune, Tuy Duc district developed economic models from preferential loans

Savings and Credit groups in Thuan Loi village, Thuan Hanh commune, Dak Song district has been an effective unit for many years with 60 members and outstanding loans reach to more than VND 2 billion. For many years, the group has no overdue debt or outstanding interest.

Mr Nguyen Minh Suong - leader of the Savings and Credit Groups in Thuan Loi village said: during regular meetings, the group's management board notifies members of the amount that can be loaned in installments. Reminding and urging households to pay interest and principal on time, organizing meetings and reviews democratically, openly and with the right beneficiaries and guides the borrowers to follow the correct procedures.

The Savings and Credit Groups in Dak Ha Village, Dak Sak Commune, Dak Mil District has always been the "fulcrum" of many households rising out of poverty to settle down.

Mr. Le Huu Chuong - Leader of the Savings and Credit Groups in Dak Ha village shared: our group has more than 55 members with outstanding loans of more than VND 2.5 billion. To improve activities, the group chooses highly effective business models to guide other members to follow. The group's management board directly inspected the borrowers, to promptly report cases of improper use of capital. As a result, the entrusted capital in the village is always used for the right purposes, contributing to motivating many members to escape from poverty and get rich legitimately.

To improve the quality of activities of the groups, the consolidation process is always enhanced. The evaluation is carried out on automatic software. With this method, the unit has assessed the quality and classified the group more accurately, fairly and substantively. After each classification, the number of working groups is average and weak, and the group does not have enough members according to regulations.

The branch issued briefing books for Savings and Credit groups with many pre-printed contents such as results of the group's activities, existence, difficulties, policies, new operations... so the leaders are no longer confused in recording the meeting as before, but also better serve the propaganda and dissemination of new policies, as well as deploy the task of debt collection and interest collection next month.

By the end of November 2022, the province has 1,580 Savings and Credit groups in 789 villages. The number of groups rated good is increasing every year. The coordination with the entrusted organizations has made an important contribution, helping the VBSP in Dak Nong province successfully complete the assigned tasks.




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