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Updated: 2019-10-11 11:39:24

Lam Dong reduces poverty from policy credit

(VBSP News) In recent years, VBSP in Lam Dong province has transferred preferential capital to poor households and policy beneficiaries. Credit programs of the Government implemented by VBSP has helped Lam Dong province have more important resources to successfully implement the national target program on poverty reduction, job creation and new rural construction.

Up to now, total outstanding loans of policy credit programs in Lam Dong province has reached nearly VND 3,279 billion, an increase of more than VND 201 billion compared to the end of 2018, with more than 95,000 active borrowers. Social policy credit activities have contributed to supporting production and business investment capital, creating jobs for more than 1,500 employees; helping more than 2,630 disadvantaged students continue to study; building nearly 18,600 works of rural water supply and sanitation.

In 2016, Mr. Ngo Dinh Vu’s family in Lac Duong town, Lac Duong district, Lam Dong province borrowed VND 50 million from the Poor Households Lending Program to plant flowers, earning VND 150 million every year

Mrs. Do Thi Bich Vien’s farm in Dam Ri town, Da Hoai district was also built from VBSP’s preferential capital

Mrs. Do Thi Bich Vien introduces her farm model

Thanks to VND 40 million from the Lending Program for Business and Production Households Living in Extremely Disadvantaged Areas and communes, Mr. Nguyen Van An in Thanh Cong village, Da Rsal commune, Ram Dong district invested in planting rambutan and grapefruit, bringing a stable source of income for the family

Mr. Nguyen Van Dung’s family in Dam Ri town, Da Hoai district borrowed VND 50 million from the Near-poor Households Lending Program to invest in buying agricultural products for people

From the preferential capital. Mr. Nguyen Manh’s family in Dam Ri town, Da Hoai district invested in planting mangosteen, bringing high income for the family

PHOTO ARTICLES

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...