6,000 newly escaped poverty households in Nghe An receive loans for economic development
(Baonghean.vn) - After more than 5 months of implementing Decision No. 28/2015/QD-TTg on credit for households that have just escaped poverty, the Nghe An Provincial Branch of the Bank for Social Policies has disbursed 181 billion VND in loans, with nearly 6,000 households receiving loans.
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| Dien Chau District Social Policy Bank disburses capital in Dien Xuan commune (Dien Chau). |
Currently, the credit program for newly escaped poverty households is implemented in 21/21 districts, cities and towns in the province. On average, each household borrows 30 million VND. The loan capital is used by families to invest in production development, livestock breeding, service business and household economic development.
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| Mr. Hoang Van Hoat, Phu Thanh commune (Yen Thanh) borrowed capital from the district's Social Policy Bank to invest in breeding cows. |
Some localities have large disbursement levels such as Vinh City 15,334 million VND, Quynh Luu 9,747 million VND, Dien Chau 20,436 million VND, Nam Dan 14,429 million VND, Hung Nguyen 28,089 million VND, Tuong Duong 11,224 million VND...
The current lending interest rate for households newly escaping poverty is 8.25%/year. The maximum loan amount is 50 million VND/household, the maximum loan term is 60 months for households planting forests, perennial trees or raising large breeding livestock.
Quynh Lan
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