VBSP's partnership
Nayoby Bank
Nayoby Bank is the name in Lao language and it is written in English with abbreviation as ‘NBB’. It is the special bank and its status is a non-profit legal entity under management of the Bank of Lao PDR. It manages and uses the policy loan sources as the credits for supporting the commercial production in 64 poorest districts and socio – economic development in focal areas during the transition from of subsistence economy to commercial market orientation in subject areas such as rural and agriculture finance.
NBB and VBSP signed the Memorandum of Understanding for mutual cooperation focusing on experiences exchange, training, human resource development and legal regulations on organization and operation of VBSP, particularly in preferential credit policies to the poor and other policy beneficiaries. Based on the implementation of the MOU, VBSP organizes training courses and study visits for NBB’s delegation every year.
- Empowering ethnic minorities
- Policy credit source creates motivation for Veterans to get out of poverty
- Efficiency from the Economic Recovery Loan Fund
- Life changed thanks to policy credit
- Policy credit – important key in Ninh Binh
- Increase income for poor farmers in Phu Tho
- Empowering poor ethnic minority households
- Policy credit strengthens poverty reduction
- Promoting the effectiveness of loans from the Rural Safe Water and Environmental Sanitation program
- Getting out of poverty thanks to preferential policy credit
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