Hoa Binh: Over 27,000 households receive preferential loans

12/10/2019 - 5:16:55 PM

(HBO) – As one of the four local organisations entrusted by the Vietnam Bank for Social Policy (VBSP) in the province, the farmers’ association at all levels in the northwestern mountainous province of Hoa Binh has closely followed the province’s socio-economic development targets.

The association has worked with the VBSP to instruct its chapters to carry out concerted measures to promptly hand over the Government’s preferential loans to poor households and policy beneficiaries, thus improving members’ lives and ensuring social stability.

With preferential loans from the VBSP, farmers in Yen Thuong commune in Cao Phong district develop buffalo and cow breeding to stabilise their lives.

As of the end of September, outstanding debts in social policy credit programmes for poor households and policy beneficiaries managed by the farmers’ association stood at 807.78 billion VND (34.77 million USD).

The loans were provided for 27,062 families, with overdue debts hitting 771 million VND. The association accounts for the largest share of loans among four entrusted organisations.

Therefore, the preferential credit programmes have timely supported poor and near-poor households and other policy beneficiaries, helping farmers to overcome difficulties and enrich themselves./.

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