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Client success stories

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

"Vietnam Bank for Social Poicies help me escape from poverty"

Mr. Giàng A Dua in Hồng Ngài hamlet, Hồng Ngài commune of Bắc Yên township, Sơn La province). After over three years, his family has got away from poverty thanks to effective investment with very few initial million dongs. Therefore, he earns from VND 50 to 80 million from moe than 30 goats, cows and horses every year.

Breeding model of Giàng A Dua brings about high economic effectiveness.

On the 10 km way from Bắc Yên township to Hồng Ngài commune with roundabout mountains and rough cobble stones, we drove to visit the family of  Mr. Giàng A Dua for two hours.

Welcoming us in a spacious house, A Dua confided: "In some previous years, both Hong ngai village and my family were very poor. There were several starveling months in a year. However, since borrowing loans of VBSP, I have raised goats, cows and horses. Now is not afraid of poverty and hunger any more. Not only my family but also other households have improved living standard by VBSP's loans". I found out happiness and movingness in  the story of A Dua.

Talking with us, Mr. Lê Thái Hà, Director of VBSP Transaction Office of Bắc Yên district said : " In the past, the ethnic minority of H’Mông is very poor, relying on maize and cassava. After the season of sowing and tilling fields, they went hunting in forests. Men used to drink wine and play wind instruments all day. I was unsure that whether they would use loans for right purpose . Thus, VBSP would meet difficulties in loan disbursement and collection".

"After conducting the state policy on supporting and lending to ethnic minority and poor households for economic development, we have decided to dispatch our staff to make field survey in hamlets and villages and provide loans for them as well as directly instruct them to appropriate investment for production and business. This way has assisted a large number of households to approach credit rapidly and effectively", said to him.

A Dua told that he borrowed VND 2.5 million from VBSP three years ago and purchased goats for breeding, bringing about incomes one year later. After full debt repayment, he continued to borrow loans of VND 7 million and added with his earned profits to buy more goats. According to him, raising goats is very suitable with hills, mountains and climate here, leading to high economic effectiveness. From more increasing goat flock and profits, Giàng A Dua decided to raise cows and horses.

By so far, he has had around 20 goats and 10 cows and horses. Moreover, he decided to increase number of goat flocks. He affirmed "Easy to raise goats, less disease and stable output. In the time to come, I will continue to borrow loans for growing more livestock".

"This is one of the typical models of economic development thanks to VBSP's loans. They have known to use credit rightly and effectively for sustainable growth of family economy. In the next time, we shall carry on coordination with local authority and government to instruct residents and expand the successful case of A Dua family.  It is also such an effective way to help villagers escape from poverty rapidly", told to Mr. Hà.

A Dua was very moved while confiding with us: "VBSP has facilitated disadvantaged households like us to borrow loans for production and business, little by little enriching by labor capacity ourselves, contributing to poverty reduction".

In addition to investment and development of his own family economy, A Dua also actively instructed villagers know-how of production and business.




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