WB raises rural finance rate for VIB
VGP - Under the World Bank’s (WB) Viet Nam Rural Finance Project, the credit rate for the Viet Nam International Bank (VIB) has been raised to VND 350 billion.
Mr. Harideep Singh (center) poses for a photo at a coffee garden of a VIB sub-project, November 27, 2012 |
Mr. Richard Harris, Director of VIB Retail Banking, said that with the new credit rate, VIB will invest and further seek sub-projects with high feasibility to help develop rural economy and create jobs for rural dwellers.
The sub-projects which received loans from the VIB have been regarded as effective and transparent.
The WB delegation led by Mr. Harideep Singh, Director of the Rural Finance Project, visited the two sub-projects of VIB clients Trinh Van Hoan and Vu Duc Du in Dak Lak Province on November 27, 2012.
Mr. Harideep Singh highly appreciated the loan-using effectiveness and encouraging results of VIB sub-projects in Dak Lak and other localities.
By Ngoc Van