With
preferential credits of the Vietnam Bank of Social Policies (VBSP), people in
Bac Yen village, Yen Mong commune (Hoa Binh city,) improve household economy,
raising their income.
With loan trust, the VBSP branch in Hoa Binh city and local organisations
built a network consisting of money-savings-and-borrowing groups, with the
participation of all communes and wards in the city, to gather poor households
and policy beneficiaries which are looking for financial sources to set up
businesses, create jobs and improve livelihoods.
The city has 163 groups and 15 transaction posts operating one designated
day of the month. The groups support people’s access to services of the VBSP,
with simple procedures and financial sources handed directly to borrowers, thus
meeting their demand and contributing to the socio-economic development and
people’s livelihood.
Hoa Binh city has carried out 12 social policy credit programmes.
As of the end of August, total loan for nearly 4,700 families reached about
92.24 trillion VND (3.95 billion USD), with 0.78 percent overdue.
The loan for clean water and environmental hygiene was more than
32 billion VND, for creating jobs 16.85 million VND, for student worth around
13.77 million VND, and for household businesses in disadvantaged areas worth nearly
8 billion VND, among others.
Thanks to preferential credit, the families were able to expand
their business, build more houses and promote learning, which in turn stabilise
and improve their lives.
The credit programmes have helped disadvantaged households send
their children to school to broaden their mind or work abroad, improving their
skills and earning stable income towards sustainable poverty alleviation.
Besides, the programmes facilitating clean water and environmental
hygiene in rural areas help many families access clean water and standard sanitation
works to improve their living conditions./.
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