The government has approved ​about 14.65 million USD in soft loans for poor households in the Mekong Delta province of Tra Vinh to build or repair their houses from 2016-2020. (Photo: vbsp.org.vn)

Tra Vinh (VNA) – The government has approved approximately 327 billion VND, or 14.65 million USD, in soft loans for poor households in the Mekong Delta province of Tra Vinh to build or repair their houses from 2016-2020.

The funding belongs to the second phase of the soft housing loan programme developed under the Prime Minister’s Decision No. 167/2008/QD-TTg dated December 12, 2008.

More than 11,400 disadvantaged rural households, nearly 6,000 of whom from the Khmer ethnic minority group, are expected to benefit from the programme in the next four years.

Each household will be provided up to 25 million VND in soft loan to build or upgrade its house following basic safety standards regulated by the Ministry of Construction.

The annual interest rate will be 3 percent, with a maturity period of 15 years.

The households eligible for the programme are those have no house or have a house in unsafe conditions but cannot afford to repair it.

They must also not yet receive housing support from any programme of the government or a social-political organisation; or has benefited from other housing programmes earlier but now unable to rebuild or repair their houses which has collapsed or been seriously damaged due to natural disasters.

During the first phase of the programme, Tra Vinh province has offered more than 233.7 billion VND, or 10.5 million USD, in soft housing loans for over 28,600 local poor households, including nearly 15,000 from the Khmer community.-VNA