(HBO) – The Hoa Binh branch of the Vietnam Bank for Social Policies (VBSP) said its total outstanding concessional loans for low-income households in the province had reached 856.5 billion VND (36.6 million USD), with more than 20,600 borrowers in debt, by the end of June. This is the programme with the biggest outstanding loans among the preferential credit programmes the branch is implementing.

 


So far this year, more than 5,000 households in Hoa Binh province have accessed loans from the bank’s credit programme for the poor to improve livelihoods. Photo taken in Bao La commune of Mai Chau district.

In the first half of 2022, the programme provided 248.7 billion VND in concessional loans for over 5,000 low-income households. Besides, debt recovery has also been stepped up, with over 140 billion VND collected.

The VBSP branch said borrowers have used loans properly and effectively. Amid the COVID-19 pandemic’s impacts, preferential loans have continued assisting poor households to develop livelihoods, thereby helping guarantee local social security./.

 

 

Related Topics


Farmer becomes better-off thanks to raising bamboo rats

After several unsuccessful attempts to raise pigs, buffaloes and cows, Nguyen Hong Minh who resides in Mui hamlet, Hoa Binh city’s Doc Lap commune decided to try breeding bamboo rat.

Hoa Binh creates best business environment for local firms

Chairman of the Hoa Binh People’s Committee Bui Van Khanh on February 2 held a Lunar New Year meeting with businesses, investors and cooperation in the locality. The event drew Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Bui Duc Hinh; Vice President of the Vietnam Chamber of Commerce and Industry Hoang Quang Phong; representatives from the Vietnam Association of Small and Medium-Sized Enterprises and the Vietnam Association of Young Entrepreneurs; as well as leaders of local departments, sectors and localities and 200 local businesses, cooperatives and investors in the locality.

Hoa Binh works on boosting agricultural exports

Following the successes achieved in 2023, the local agricultural and rural development sector, localities and cooperatives are gearing up for first orders of the year, as part of their efforts to boost agricultural exports.

Enterprises resume operation after Tet holiday

Most workers at enterprises in the northern province of Hoa Binh have turned to work just one week after the Tet (Lunar New Year) holiday.

Hoa Binh ensures stable power supply for local production

The Hoa Binh Power Corporation (PC Hoa Binh) has directed its units to build plans as well as arrange resources to ensure stable electricity for local winter-spring crop production.

Exporting 40 tons of Bat Bao lotus porridge to Japan

On February 28, the Department of Agriculture and Rural Development of Hoa Binh province coordinated with Minh Trung Vietnam Group joint Stock Company, Hoa Binh branch in Luong Son industrial park, Luong Son district organized a ceremony to export Bat Bao lotus porridge to the Japanese.