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HCMC wants poor and near-poor to have access to loans from VBSP
(VBSP News) The HCM City People's Committee wants all poor and near-poor households and those that have recently surpassed the near-poor level, as well as other target groups, to have access to loans and services from VBSP.
Many households have escaped from poverty thanks to VBSP's loans
Eligible households would have access to multiple services offered by the bank and simplified administrative procedures.
The committee also wants the Government to consider allowing households of average living standards to benefit from a credit programme for struggling students. It aims to increase the maximum loan allowed from VNÐ2.5 million (US$107.35) to VNĐ 3.5 million per month so that families can deal with rising school fees and fluctuating market prices.
Regulations concerning loan charge-offs and extension of loan payment deadlines for households and students (including students struggling with employment and helping their families pay their loans) are also among the city’s requests.
Favourable loans for farming households that need to build, repair or improve their water works or sanitary construction works should also be considered, according to the city.
From 2014 to 2019, VBSP branch in HCM City provided trillions of đồng for social policy loans, helping more than 72,000 households overcome their poor status and thousands of struggling students continue their studies.
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