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Updated: 2020-06-10 11:04:42

VBSP’s inclusive finance in Tuyen Quang province

(VBSP News) Nearly 18 years of operation, up to now, VBSP branch in Tuyen Quang province has total outstanding loans of VND 2,749 billion, an increase of VND 251 billion compared to the same period in 2019 with 76,636 active borrowers at 2,424 Savings and Credit Groups. The local budget transferred to VBSP also reached VND 43 billion.

VBSP branch in Tuyen Quang province disburses loans at commune transaction points

Mr. Phung Thanh Van's family, the Dao ethnic group in Xuan Phu commune, Na Hang district, borrowed VND 50 million from VBSP to adopt fish on Gam river

Three years ago, Mr. Ngo The Tin's family, the Tay people in Phieng Bung village, Nang Kha commune, Na Hang district borrowed VND 50 million to raise buffaloes. As a result, his family has escaped poverty sustainably

Thanks to VBSP’s poor households lending program, Ms. Hoang Thi Phong, the Tay people in Nang Kha commune has renovated maize gardens. Therefore, her family life has been gradually improved

Ms. Hoang Thi Phong's family also built a spacious house

Borrowing VND 50 million from VBSP in Na Hang district, Mr. Phung Thanh Tien's family, the Dao ethnic group in Xuan Phu developed fishing

Thanks to VBSP’s loans, many households have boldly developed their economy to improve their livelihoods

Mr. Chau Thanh Phuong, Tay people in Na Kem village, Khuon Ha commune, Lam Binh district borrowed VND 50 million to buy machines to make household appliances

Mr. Phuong often shares his experience in borrowing and using loans with the others

vbsp.org.vn

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...