1,146 billion VND in loans for poor and near-poor households

(Baonghean.vn) - In 2015, lending turnover from policy banks in Nghe An reached 1,948 billion VND, equal to 110% compared to the same period last year. Of which, 1,146 billion VND was lent to poor and near-poor households.

Building a house to avoid floods in Nam Cuong (Nam Dan) using NHCS capital. Photo: HV

According to the report of the Social Policy Bank, Nghe An branch, in 2015, some credit programs had large loan turnover in the area such as: loans for near-poor households of 589 billion VND, poor households of 557 billion VND, production and business households in difficult areas of 202 billion VND, clean water for rural environment of 202 billion VND.

Debt collection turnover reached 1,723 billion VND, equal to 106% compared to the same period last year. Some programs with high debt collection turnover are: loans for poor households 641 billion VND, students 680 billion VND, production and business households 121 billion VND, near-poor households 119 billion VND.

Up to now, the total outstanding loans of the bank have reached 6,456 billion VND, an increase of 225 billion VND compared to 2014, reaching 3.61%. Some high growth programs are: near-poor households increased by 469 billion VND compared to the beginning of the year (+58.5%), NS&VSMT increased by 135 billion VND (+35%), newly escaped poverty households increased by 132 billion VND.

The student loan program alone had debt collection revenue of 680 billion VND, loans of 137 billion VND, outstanding debt decreased by 543 billion VND (from 2014-2015 outstanding debt decreased by 1,043 billion VND).

Chau Lan