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Over 1.6 million poor households get preferential loans in nine months

7/10/19


More than 1.62 million poor households and welfare policy beneficiaries gained access to preferential loans worth over 54.9 trillion VND (2.36 billion USD) in the first nine months of 2019, up 6.15 trillion VND compared to the same period last year.
According to the Vietnam Bank for Social Policies (VBSP), social policy credit has contributed to supporting production and business activities as well as generating jobs for over 162,000 workers, including 4,800 working abroad under fixed-term contracts.
The VBSP also provided loans for over 12,000 students and supported needy households to build over one million clean water supply and toilet facilities and 12,000 houses.
After 17 years of operation, social policy credit has thrived with more than 20 investment programmes carried out across the country, with priority given to ethnic minority, mountainous and border regions.
Since 2016, nearly 7.7 million poor households under the new poverty standards and other social policy beneficiaries have received loans worth over 211.7 trillion VND from the VBSP./.


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All comments [ 11 ]


For A Peace World 7/10/19 20:46

The money raised through the fund will be used to help poor people to build around 1,000 houses and help them improve living conditions and get out of poverty.

Kevin Evans 7/10/19 20:48

The movement should coordinate with the Ministry of Labour, Invalids and Social Affairs to review the list of poor households to assist them with house construction.

Wilson Pit 7/10/19 20:49

Social progresses can only be achieved as women are empowered. If you are successful in providing jobs for local women, that would be the mass success of the country.

Herewecome 7/10/19 20:50

Social policy credit has reached all the communal-level localities nationwide, greatly helping with efforts towards sustainable poverty reduction.

yobro yobro 7/10/19 21:20

That has helped more than 1.4 million households escape from poverty, created jobs for over 775,000 people, and assisted almost 200,000 underprivileged students to continue their study.

Allforcountry 7/10/19 21:22

Over the last five years, social policy credit entrusted to the union has become funding for over 3 million poor and near-poor households and other underprivileged groups to improve their livelihood.

Socialist Society 7/10/19 21:24

Good job, Vietnam!

Robinson Jones 7/10/19 21:25

It has also benefited nearly 132,500 disadvantaged students and financed the building of over 2 million water and sanitation facilities, along with 115,000 houses for low-income earners.

Me Too! 7/10/19 21:26

The Vietnam Bank for Social Policies (VBSP) on September 6 officially launched the project “Mobile Banking – Financial Inclusion and Economic Empowerment for Low Income People and Women in Vietnam”.

Duncan 7/10/19 21:28

We need to provide diversified and convenient digital payment services to customers, including poor people, and students in difficult circumstances, people with disabilities, ethnic minority people and overseas workers across the country, especially in rural, remote and mountainous areas.

Swift Hoodie 7/10/19 21:30

The SBV sees agriculture and rural areas as top priority in its credit programme. It has directed credit institutions to improve procedures for loan access and paid due attention to branching out mobile banking model in remote areas, creating favourable conditions for local people to have better access to capital and other banking services.

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