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Updated: 2018-09-27 16:13:15

Vietnam Bank for Social Policies in Hoanh Bo supports poor families

In order to fulfill the target of removing communes and hamlets in extreme difficulty out of poverty list by 2020, Vietnam Bank for Social Policies, Hoanh Bo district transaction office has given priority to the allocation of credit for hundreds of poor households and ethnic minority households to develop production and raise incomes.

Ms.Ms.Thanh is taking care of her fruit garden.

In 2017, the family of Ms.Truong Thi Thanh in Trai Me hamlet, Son Duong commune - one of the poor households of Hoanh Bo district borrowed 50 million VND to grow fruit trees and raise poultry. Up to now, Ms Thanh's family has escaped from poverty with a turnover of about VND 100 million a year. In 2017, nearly 200 poor households in Hoanh Bo had access to loans for economic development. For loan sources to be used effectively, Vietnam Bank for Social Policies, Hoanh Bo district transaction office coordinates with the local organizations to examine and direct households to effectively develop economic model.

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LENDING INTEREST RATE

Poor Households

Lending to poor households 6,6%/year
Lending to poor households in 64 poor districts as stipulated by the Government Resolution No.30a in 2008 3,3%/year

Near Poor Households

Lending to near poor households 7,92%/year

Students

Lending to disadvantaged students 6,6%/year

People in need of loans for job creation

Lending to business establishments owned by war invalids and handicapped persons 3,3%/year
Others...

DEPOSIT INTEREST RATE

Term Deposit Rate
Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year
Others...