(HBO) - Thanks to preferential loans from the Bank for Social Policies, many poor, near-poor households and policy beneficiaries, especially those in ethnic minority areas, in Cao Phong district have escaped from hunger and poverty.




Thanks to a preferential loan of the Bank for Social Policies, the family of Bui Thi Mu in Rom Khanh hamlet, Thach Yen commune (Cao Phong district) has gradually escaped from poverty.

Previously, Bui Thi Mu's family in Rom Khanh hamlet faced many difficulties, with a degraded house, and unstable economic conditions. But now, a new house has been built, the garden has been renovated to plant crops with high economic efficiency.

Mu shared: "In the past, my family was a poor household with difficult economic conditions. Thanks to a loan from the Bank for Social Policies, my family was able to buy buffaloes to raise, so our life became less difficult. After we escaped from poverty, we continued to be facilitated by the bank to borrow nearly 100 million VND (4,050 USD) from programmes on providing loans for near-poor households, and housing support and capital for ethnic minority households. They are a very important source of capital for my family to escape from hunger and poverty, and stabilise our life”.

Through 20 years of accompanying local people, the bank's loans have changed the face of Thach Yen mountainous commune as well as other communes and towns in Cao Phong district. According to the district's Bank for Social Policies, since the implementation of policy credit, there have been more than 8,000 households surpassing the poverty line in the district; over 1,500 poor households have been assisted to build new houses; and over 12,400 new clean water and sanitation works were built.

Dang Hoang Hoan, Director of the district's Bank for Social Policies' Transaction Office said that in recent years, the unit has made efforts to mobilise capital and effectively implement credit programmes for the poor and policy beneficiaries, especially in disadvantaged, ethnic minority-inhabited and mountainous areas. To date, policy credit outstanding in the district has reached 332 billion VND.

In the coming time, the unit is allocated 13 billion VND in preferential loans to implement the national programme on socio-economic development in ethnic-inhabited and mountainous areas. The unit is closely working with the provincial Committee for Ethnic Minority Affairs to have an investment list, in order to effectively implement this credit programme./.


Related Topics


Preparing thoughtfully and thoroughly for Culture - Tourism Week of Hoa Binh province

On November the first, the Provincial People's Committee held a meeting for the reports on the progress of preparations to hold the Ceremony to receive the Certificate of the special national relic ranking for Trai Cave, the Stone Roof of Vanh village (Lac Son district) and the Opening Ceremony of the Culture - Tourism Week of Hoa Binh province in 2024. Mr. Nguyen Van Toan, the Standing Vice Chairman of the Provincial People's Committee, the Head of the Organizing Committee of Culture - Tourism Week chaired the meeting.

Leader requests Department of Natural Resources and Environment to better serve people, businesses

alternate member of the Party Central Committee and Secretary of the provincial Party Committee Nguyen Phi Long on October 30 had a working session with the Party Committee of the provincial Department of Natural Resources and Environment on the sector's implementation of political tasks in the past 10 months, and key tasks for the last months of 2024 and in the coming time.

Lac Thuy puts policies, laws on belief and religion into practice

 In recent years, the People's Committee of Lac Thuy district has directed units and mass organisations to promote the popularisation of the Party's policies and resolutions and the State's laws, as well as issued guiding documents on local religious affairs.

Hoa Binh’s fourth ethnic minority congress slated for mid-November

The Hoa Binh Steering Committee for the organisation of the fourth provincial congress of ethnic minority groups held a meeting on October 29 to discuss the progress of preparations for the congress. Dinh Cong Su, Vice Chairman of the provincial People’s Committee and head of the Steering Committee chaired the event. The congress is slated for November 14-15 at the provincial Cultural Palace, expecting 250 official delegates.

 

Mai Chau reaps outstanding results in developing new-style rural areas

Despite a low starting point, the mountainous district of Mai Chau has effectively implemented the National Target Programme on New Rural Development, resulting in significant improvements in people’s life and rural look.

One-stop-shop mechanism implemented effectively in Hoa Binh

Over the past years, Hoa Binh has systematically implemented the one-stop-shop and interconnected one-stop-shop mechanisms in processing administrative procedures, contributing to improving the efficiency of the work while promoting online public services.