Nearly 60,000 near-poor households received loans to develop production.
(Baonghean.vn) - In the first 9 months of 2016, the Provincial Social Policy Bank has disbursed about 700 billion VND to 25,000 near-poor households, raising the total outstanding debt of this program to 1,497 billion VND, an increase of 225 billion VND compared to the beginning of the year; with about 60,000 households still having outstanding debt.
Currently, the average loan amount per household under the near-poor household credit program is more than 30 million VND, with a maximum loan amount of 50 million VND per household. Loan capital is used by households to invest in developing large-scale livestock and poultry farming, aquaculture, raw material forest planting, small-scale business and trading, etc.
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| With a loan from the Social Policy Bank of Yen Thanh district, Mr. Hoang Van Hoat in Phu Thanh commune invested in developing effective duck farming. |
Recently, many districts have actively disbursed capital programs for near-poor households and have high outstanding debts such as: Dien Chau 150 billion VND, Yen Thanh 148 billion VND, Thanh Chuong 140 billion VND, Quynh Luu 104 billion, Do Luong 102 billion, Nghi Loc 87 billion VND, Quy Hop 76 billion VND,...
The capital was disbursed to the commune, and the people were given long-term unsecured loans, creating favorable conditions for people to turn their capital around, ensuring profits to repay the loans. Thanks to the preferential loans from the State, tens of thousands of households in all localities in the province have proactively developed their household economy, escaped poverty and become well-off and rich households.
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| Dien Chau District Social Policy Bank disburses capital to near-poor households in Dien Xuan commune. |
According to the synthesis of the Provincial Social Policy Bank, the credit quality of this program is very good, monthly interest income reaches approximately 100%, overdue debt of the entire branch is only 354 million VND, accounting for 0.02% of outstanding debt of the credit program for near-poor households.
Quynh Lan
