Micofinance project in Vietnam

Projet terminé

The International Finance Corporation is implementing this Microfinance project in Vietnam, which aims to transform Vietnam's microfinance industry from a state-led, micro-credit focused sector towards a more commercially oriented one by providing sustainable microfinance services to Vietnam's un- and under-served poor households and informal businesses, which are estimated to be currently more than 5.7 million. The project works directly with the State Bank of Vietnam in its function as supervisory body of MFIs, selected financial institutions (at least two promising MFIs and at least one commercial bank) on improving their microfinance products, but also at the industry level by promoting responsible finance and client protection standards (training and capacity building for 10-15 financial institutions). The proposed SECO contribution for the 5 year project is USD 3 million.

Pays/région Thème Période Budget
Vietnam
Secteur privé et entrepreneuriat
01.02.2012 - 31.12.2016
CHF 2'700'000
Objectifs

The goal is to expand and diversify Vietnam's nascent microfinance sector and create a commercially sustainable industry by transforming microfinance institutions (MFIs) into more efficient, professional organizations, and by assisting commercial banks in implementing their downscaling strategies. For achieving this, the project intends to intervene at three different levels:

1. work with regulators to improve the policy framework for microfinance organizations and create a better enabling environment.

2. support the development of the sector via training and capacity building on market-based approaches to microfinance.

3. work with commercial banks and MFIs in order to tailor financial products to the needs of micro enterprises.

Direction/office fédéral responsable SECO
Crédit Coopération au développement
Budget Phase en cours Budget de la Suisse CHF   2'700'000 Budget suisse déjà attribué CHF   2'275'000
Phases du projet

Phase 1 01.02.2012 - 31.12.2016   (Completed)