Micro-credit program in Vietnam targets women's poverty and social issues

Studies show that when a woman earns money the benefits to the family are greater. Throughout the world the success of micro credit programs which target womens employment has proved an efficient tool for development, particularly in poor rural areas. The World Bank's US$298 million Second Vietnam Rural Finance Program is built on a successful partnership with the Vietnam Bank for Agriculture and Development and the Vietnam Womens Union. The program has created some 10,000 jobs with women accounting for 35% of borrowers. Nearly all the funds have been invested in agriculture or animal farming and have made an effective contribution to developing the economy in an area that has been traditionally backward.

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