Society

Over 2 mln households in disadvantaged regions get preferential loans

More than 2 million households have received loans totaling 44.2 trillion VND (1.95 billion USD) from aprogramme designed to help business households in disadvantaged regions as of February 28, 2017.
Over 2 mln households in disadvantaged regions get preferential loans ảnh 1Poor households carry out procedures to borrow money from a branch of the VBSP at Tuy Phuoc district, Binh Thuan province. (Source: VNA)

Hanoi (VNA) – More than2 million households have received loans totaling 44.2 trillion VND (1.95billion USD) from aprogramme designed to help business households indisadvantaged regions as of February 28, 2017, according to the Vietnam Bankfor Social Policies (VBSP).

Currently, 640,000 householdsare borrowing 16.4trillion VND (722 million USD), of which the rate of overdue debtis only 0.35 percent.

According to statistics from thelocalities, the demand for capital from business households by 2020 will be atleast 6.6trillion VND (290.7 million USD).

The programme was launched onMarch 5, 2007, aiming to assist business households, including those running farms,with maximum assistance of 50 million VND (2,250 USD) at an interest rate ofnine percent per year.

Because commercial banks do nothave transaction offices in remote areas, the VBSP, with its nationwidenetwork, was entrusted to help those households access capital.

The VBSP now has 11,000 transaction points across the country.-VNA

VNA
#VBSP #business household #social policies
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