Handing over the microfinance project in Ky Son and Cao Phong to the People's Committees of Hoa Binh city and Cao Phong District

11/4/2022 - 5:18:43 PM

(HBO) - In the afternoon of October 28, the People's Committees of Hoa Binh City and Cao Phong District coordinated with Childfund Vietnam to hold a handover ceremony for the microfinance project sponsored by ChildFund Vietnam. There were representatives from a number of departments, branches, Hoa Binh city, Cao Phong district, ChildFund Vietnam project...attending the ceremony.

Childfund Vietnam is signing an agreement to hand over the Microfinance Project to the People's Committees of Hoa Binh city and Cao Phong.

According to the report at the handover ceremony, the project was implemented from 2017 to the end of September 30, 2022 in 2 districts, Ky Son (the former) and Cao Phong. The support disbursed to Ky Son district (the forrmer) was over 4.9 billion VND and over 7.5 billion VND to Cao Phong district. The project has effectively implemented the set goals such as helping nearly 2,000 women's members get loans for production and business development, building and replicating the models of economic development, raising the scale of production and industry development. The project activities have created a habit for the people to practice savings, which helps creating the local capital to lend for the economic development, with the flexible loans according to members' needs from 5 to 50 million VND. During the operation of the fund, the two districts have always received the attention and supervision from ChildFund and the State Bank's branch in Hoa Binh province through the periodic inspection of the fund's activities.

At the conference, the representatives of the units discussed the contents related to the project results, the advantages and disadvantages in the project implementation over the past time and the action plan after the recommendations at the conference. ChildFund Vietnam has signed an agreement to hand over the Microfinance Project to the People's Committees of Hoa Binh city and Cao Phong District.

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