Nearly 202 billion VND of loans offered to poor households

6/26/2019 - 6:59:28 PM

(HBO) - Realising the Prime Minister’s Decision No. 28/2015/QD-TTg on regulations on credit for households who have just escaped from poverty, the Hoa Binh chapter o the Vietnam Bank of Social Policies (VBSP) has coordinated with the local administration to implement the policy for the benefit of the local community.

In May, the bank lent loans worth 5.96 billion VND (256,280 USD), pushing the total figure since the beginning of the year to over 46.32 billion VND (1.99 million USD) to 1,218 households who received 35 million VND (1,505 USD) each on average.

Since the beginning of this year, the bank collected over 18 billion VND (774,000 USD) of loans.

Total outstanding balance of the programme to offer loans for households that newly escaping from poverty has so far reached nearly 202 billion VND (8.68 million USD) on 5,672 customers.

Surveys show that the recipients have effectively used the capital, mostly in production and business operations.

Currently, the Hoa Binh chapter of the VBSP has enhanced communications, while giving advice to the People’s Committees at all levels to review and supplement the list of households managing to escape from poverty, thus laying a foundation for the bank to provide loans.

Alongside, the bank has created optimal conditions for the households to access concessional capital to invest in production, thus stabilize their life and getting rid of poverty in a sustainable manner.-VNA

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