The program of the outstanding loan for the poor households has reached over 875 billion VND

2/17/2023 - 5:59:02 PM

(HBO) - According to a report of the provincial branch of Vietmam Bank for Social Policies (VBSP), the total outstanding loan for the poor household in the province has reached VND 875.5 billion by the end of January 2023.

The preferential loans have helped the poor households in De hamlet, Bac Phong commune (Cao Phong) to invest in livestock has gradually overcome the difficulties.

This is the program with the largest credit scale among the credit programs that VBSP has been implementing. In January 2023, there are 234 poor households allowing to get loans from this credit program, and the loan turnover has reached over 11.5 billion VND. Up to now, in the province there are over 20.4 thousand customers with the outstanding loans.

According to the assessment of the provincial branch of VBSP, the preferential loans from VBSP have helped the poor households in the province invest in the economic development and improve their quality of life in recent years. In 2022, there were over 6.2 thousand turns of the poor households receiving the preferential loans. Along with other credit programs, VBSP is lending to the poor households, which is an important source of capital to achieve the goal of the sustainable poverty reduction, ensuring the social security and building the new rural areas in the province.

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