Decree No. 28/2022/ND-CP of the Government on preferential credit policies to implement the national target programme for socio-economic development in mountainous and ethnic-inhabited areas for the 2021 - 2030 period (Phase I from 2021 – 2025) is opening up opportunities to improve the lives of people in these areas in Hoa Binh province in general and Mai Chau district in particular. Since the decree was issued, the transaction office of the Vietnam Bank for Social Policies in Mai Chau district has closely coordinated with local authorities at all levels to drastically direct the review and approval of lists of beneficiaries, and disburse loans.


Staff of the Vietnam Bank for Social Policies’ transaction office in Mai Chau district conduct procedures to disburse capital to people in Na Phon commune.


Mua A Trang, Pa Hang Lon hamlet, Pa Co commune, shared: "My family has six members, the whole family only depended on 2,000 m2 of hill land to grow maize, even though we worked hard all year round, we could not get rid of poverty. In August 2023, after the head of the savings and loan group disseminated a new loan source according to Decree No. 28/2022/ND-CP of the Government, my family borrowed 100 million VND (4,100 USD). From this capital, I bought three cows and built a farm. Currently, family members take turns caring for the cows, because they are the hope to help my family get rid of poverty in the near future."

From 2022 to the end of October 2023, the transaction office has disbursed 3.34 billion VND to 43 poor households to support job change, including 19 in Son Thuy commune, eight in Thanh Son, six in Cun Pheo, five in Na Phon, three in Pa Co and two in Hang Kia.

Currently, the office continues to coordinate with relevant agencies, and party committees and authorities at the commune level to monitor the use of loans, review and prepare lists of households in need of loans which have sufficient conditions to borrow loans for the following years, thus contributing to bringing policies into life to help mountainous and ethnic-inhabited areas to get rid of poverty, change lives, and actively contribute to the effective implementation of national target programmes in the district.


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