Over 1.1 million poor households access preferential loans in 6 months
More than 1.15 million poor households and policy beneficiaries gained access to preferential loans in the first half of 2019, according to the Vietnam Bank for Social Policies (VPSP).
Hanoi (VNA) – More than 1.15 million poor householdsand policy beneficiaries gained access to preferential loans in the first halfof 2019, according to the Vietnam Bank for Social Policies (VPSP).
The loans also helped nearly 113,000 workers secure jobs andover 8,000 students pursue study, while assisting with the building of morethan 760,000 rural clean water and sanitation facilities and 10,000 houses for policybeneficiaries.
As of June 30, the VPSP’s total loan outstanding balanceexceeded 198.5 trillion VND (8.5 billion USD).
Meanwhile, during the period, overdue debts hit 807 billionVND, making up 0.41 percent of the outstanding balance.
VBSP General Director Duong Quyet Thang urged VBSP units tofocus on improving credit quality.
He also requested more assistance from local authoritiestoward the operations of VBSP units in a bid to increase resources helpingpeople overcome poverty.-VNA
Close to 6.7 million poor households and policy beneficiaries gained access to preferential loans worth over 62 trillion VND (2.66 billion USD) in 2018.
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Illustrative photo (Source: VNA) 
