making financial services accessible and affordable to women by phan cử nhân.pdf
TRANSCRIPT
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Making Financial Services Accessible
and Affordable to Women
MBA. Phan Cử Nhân – May 2015
The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank (ADB),
or its Board of Governors, or the governments they represent. ADB does not guarantee the accuracy of the data included in this paper and accepts no
responsibility for any consequence of their use. The countries listed in this paper do not imply any view on ADB's part as to sovereignty or independent
status or necessarily conform to ADB's terminology.
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Contents
Part I - General Introduction on VBSP
Part II - Making Financial Services Accessible
and Affordable to Women
Part III - Achievement
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Part I
General Introduction
on VBSP
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VBARD
2002
Time
VBSP establishment
Bank for The Poor
1995
Mission: Not for profit state-owned microfinance bank lending to the
poor to assist Vietnamese Government to fight against poverty
Vision: Satisfying 100% of poor households’ needs for access to
financial products and services
90% of customers live in rural, mountainous areas and islands
with disadvantaged conditions
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Part II
Making Financial
Services Accessible
and Affordable to
Women
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Credit Programs also aiming women
Target
Clients
Job Creation program
Disadvantaged students
Poor Households
Business & production households living in
specially disadvantaged areas and communes
Others (Entrusted by donors or mandated
by the Government)
Migrant workers
Safe water supply & rural sanitation
Housing purpose at flooded areas
Business & production units with drug-detoxified
employees
Specially disadvantaged ethnic minority households
Traders doing business in disadvantaged areas
Near poor Households
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Approaches Improving Access
to Credit by the Poor & Women
Small Average Loan Size : VND15 mil (~USD 710)/loan, 35,7% GDP/head in 2013
Largely Non-Collateral Loans: Only 5 out of 19 loan programs require collateral
No Transaction Fee
Flexible Duration Loan Programs Short-term: < 12 mos.; Medium-term: 12-36 mos;
Long-term: 36-60 mos.
Loan Repayment Plan Suitable to the
Cash Flow of Customers
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Saving Services
In 2009, VBSP has launched a new savings model :
"To mobilize savings from poor communities
through savings and credit groups ( SCGs) ".
In particular, the poor deposit savings with a small
amount atleast VND 1,000 (5cent) which creates
the awareness for the poor and women to spend
their savings to make up their own capitals and get
familiarity with financial services.
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Repayment Plan: Different
Installments Based on Cash Flow
Month Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
Income ***** ** * * * * * **** ****
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Expend
iture *****
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Savings * * * * * * * * ** *** *****
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Credit *****
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**** *** * *** ****
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* * * *
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Service Outreach to reduce
mobility constraints.
63 Provincial and Municipal Branches
626 District Transaction Offices
196,931 Savings & Credit Groups
at Communes/Wards
10,904 Fixed Date Transaction Points at
Communes/Wards
Mobile Transaction Teams
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Forming
Savings and Credit Groups
•30-60 members
•10-15 members
(mountainous)
Management Board:
•Group Head
•Deputy Head
•Group Charter
•Outsourcing contract
by the VBSP
•Facilitating the
loan management
and savings
•Commission based
activities
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Introduction of VBSP’s lending programs
Choosing target clients
Self-selecting borrowers
Collecting interest, savings
Supervising the loan
Supporting activities
Role of Women Organizations
Savings & Credit Groups
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100 % of communes
reached by VBSP
Fixed Date Transaction Points
3km<
>3km
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Mobile Transaction Teams
Organization:
•Team Leader
•Accountant
•Cashier Functions:
•Disbursement
•Loan collection
•Loan review &
supervision
•Risk management
•Application receipt
•Fees and
commission payment
•Meeting with mass
organizations
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Fixed Date Transaction Method
*
Mobile transaction at
communes
Server
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Part III
ACHIEVEMENTS
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Knowledge Transfer
Collaboration with state agency in agriculture
extension, business models, know-how to members of
saving and credit groups including women
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Economic Impact on Women
2002-2014
Outstanding loan to Women: VND
52,000bil ($2.2 Bil) – 44% of total
Savings of women: VND 1,800 bil
( $90 mil) - 50% of total
2.8 million women households
borrowing -40% of total
Non-performing loan: 0.4%
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Providing small loans, technical assistance and
targeted service outreach,VBSP makes
financial products and services accessible and
affordable to the poor and women.
VBSP contributes to raising women’s
status financially and socially so that the
disadvantaged women can develop themselves
and have greater roles in their communities.
Women’s Economic and
Social Empowerment
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Impact on Women…
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