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VBSP provides various credit schemes for the poor and other last mile population
Since VBSP’s inception, the credit programs have changed over the time to adapt the market need. With the primary target of providing loans to the poor households, after 17 years of operation, VBSP has developed various programs to cover the demand of poor and last mile segment as much as possible. As the decline of the number of the poor households, VBSP launched a number of new programs to support the poor and other beneficiaries demand in many aspects. The below figure show the major products running in VBSP with the large client bases.
Besides developing the additional programs, VBSP considers to increase the loan size for available programs. Particularly, in 2019, the poor program and job creation program has been raised in its loan size up to VND 100 million. The addition of capital and the increase of the limit and the loan term have raised access opportunities and promoted the efficiency of loans for the local people. The maximum loan size for disadvantaged students will increase from VND 1.5 million/month/student to VND 2.5 million/month/student. This is a credit program with meaningful purposes in terms of economics, politics and society, contributing to creating human resources for the country.
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- 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
- The Mark of People-Centered Policies (Part 1 - A Lever for Sustainable Poverty Alleviation)
- Part 3 - Building sustainable new countryside
- Part 2 - Devoting passion to helping people
- The vitality of Tra Vinh (Part 1 - Mobilizing the strength of great solidarity)
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