On June 3, 2022, an agreement was signed to hand over the Micro Credit and Saving project in Binh Dai district from MCNV to Binh Dai District People’s Committee and Binh Dai Provincial Women’s Union.
The signing ceremony was attended by Mr. Pham Dung, MCNV Vietnam Country Director, Mr. Pham Huu Toai, Vice Chairman of Binh Dai District People’s Committee – Head of the project management board, Ms. Nguyen Thi Loi, Head of Binh Dai District Women’s Union, Vice Head of the project management board, representatives of People’s Committee the Women’s Unions of 11 communes and townships under the project.
Speaking at the handover ceremony, Mr. Pham Dung said:
“The project symbolizes the long-term cooperation between MCNV and Ben Tre province. MCNV is proud of what the project has achieved, in the aspects of sustainability, financial performance and social impact. With a flexible approach, through microcredit instrument, the project has provided relevant knowledge and capital source to help poor women in Binh Dai district strive toward a better future.
At the same time, the project has provided timely and effective support for the community to tackle the challenge of drought and saltwater intrusion and meet with some of new rural area development criteria.
Following the handover, the project will be operated by the People’s Committee of Binh Dai district and the Women’s Union of Ben Tre province, in accordance with the project regulations, ensuring the optimization of the credit source to meet the needs of poor women in post-COVID economic recovery in the time to come.
• The Micro Credit and Saving project in Binh Dai district was launched by MCNV and sponsors in 2009, starting with two communes with a capital of nearly 300 million VND.
• The project has extended its reach to 11 communes and township, providing micro-credit loans and saving services to around 1,700 regular customers with a total revolving capital of over 12 billion VND.
• Over 8,800 loans are provided to support thousands of women to escape poverty.
•The project will also become one of MCNV’s partners in assisting Ben Tre province and the Mekong Delta region to adapt to climate change.
•The Project Management Board is committed to maintain reporting and the relationships with longstanding Dutch donors such as Mfm, Huzla and individual donors.