News & Events
Ky Son district makes use of preferential credits
Family of Nguyen Thi Hai in Van Tien village, Dan Ha commune (Ky Son district) invests in poultry farming to bolster household economy.
Since 2017, the policy credit programmes contributed to the building of 641 new clean water and sanitation works in rural areas, helping to improve local people’s lives. They also provided loans for 11 disadvantaged students and created jobs for 111 labourers.
As many as 23 poor and disadvantaged families received loans to repair and upgrade their houses, thus stabilising their lives.
As many as 152 households that have escaped from poverty and near-poverty statuses, remain beneficiaries to preferential credits toward sustainable poverty reduction.
Nguyen Manh Hung, Director of VBSP transaction office in Ky Son district, said that the office has carried out 13 social policy credit programmes. As of the end of September, total loans for nearly 4,980 families exceeded 129 billion VND (5.52 million USD). Overdue loans in the district amounted to 287 million VND, or 0.22 percent of the total.
With the current mechanism, most of the programmes are entrusted to socio-political organisations, with loans accounting for 99.7 percent of the district’s total.
The trusted organisations have devised programmes and inspected the implementation in affiliates, money-savings-and-borrowing groups and borrowers. The VBSP’s district branch and trusted organisations seriously attended periodical meetings, exchanged information and effectively collaborated in steering and guiding activities of groups handling loans at commune-level, to further improve model of money-savings-and-borrowing groups.
At transaction points in the communes, there are signboards which record date of transaction, regulations, information on new credit programmes, lists of households with loans within maturity date as well as due and overdue loans.
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- VBSP's Preferential Loan Scheme for Social Housing
- Journey of Poverty Reduction in Lang Son
- Leveraging Sustainable Livelihoods
- Quang Nam Widely Expands Policy Credit
- Policy credit as driving force for local economic development
- Conditions and preferential policies for loans to buy social housing in 2025
- DONG HOA - PHU HOA: Preliminary review of policy credit activities in the first quarter of 2025
- District 12 eradicates poverty with effective social policy credit programs
- How policy credit fuelled Ho Chi Minh City’s 50-year rise
- Enhance training on Cyber Safety and Security for VBSP’s customers
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