Nearly 60,000 near-poor households received loans for production development.
(Baonghean.vn) - In the first nine months of 2016, the Social Policy Bank of Nghean province disbursed approximately 700 billion VND to 25,000 near-poor households, bringing the total outstanding loan balance 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 loans.
Currently, the average loan amount per household under the near-poor household credit program is over 30 million VND, with a maximum loan amount of 50 million VND per household. The borrowed capital is invested by households in developing livestock farming (large animals, poultry), aquaculture, forestry, small businesses, and trading.
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| Having received a loan from the Social Policy Bank of Yen Thanh district, Mr. Hoang Van Hoat in Phu Thanh commune invested in developing a successful duck farming business. |
Recently, many districts have actively disbursed funds from the near-poor household loan program and have high outstanding loan balances, such as: Dien Chau (150 billion VND), Yen Thanh (148 billion VND), Thanh Chuong (140 billion VND), Quynh Luu (104 billion VND), Do Luong (102 billion VND), Nghi Loc (87 billion VND), Quy Hop (76 billion VND), etc.
The capital is disbursed directly to the commune level, providing unsecured loans to people over long periods, creating favorable conditions for people to rotate their capital and ensuring profits to repay the loans. Thanks to preferential loans from the State, tens of thousands of households across the province have proactively developed their household economies, escaped poverty, and risen to become well-off or wealthy households.
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| The Social Policy Bank of Dien Chau district disburses loans to near-poor households in Dien Xuan commune. |
According to the summary from the Provincial Social Policy Bank, the credit quality of this program is very good, with monthly interest collection reaching approximately 100%, and overdue debt across all branches amounting to only 354 million VND, accounting for 0.02% of the outstanding loan balance of the credit program for near-poor households.
Quynh Lan
