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Over 4,000 houses built with social policy credit
(VBSP News) Social policy credit helped to build more than 4,000 houses, along with over 1.2 million safe water supply and sanitation facilities in rural areas in 2019.
Thanks to VBSP's loans, many families had beautiful houses to live
Thanks to VBSP’s loans, more than 266,000 people have got jobs, with nearly 7,000 sent abroad as guest workers, and 36,000 disadvantaged students have continued their study.
The VBSP said its total credit balance stood at over VND 206.8 trillion (8.9 billion USD) as of the end of December 2019, up 10.1 percent compared to last year’s figure.
Of the amount, 73.8 percent was channeled into production and business activities that created livelihoods and jobs.
The rate of overdue and charge-off debts made up 0.7 percent of the total outstanding balance.
Meanwhile, the outstanding balance of credit programs assigned by the Prime Minister reached nearly VND 180 trillion, up 9 percent year-on-year.
The accumulative capital for social welfare credit reached more than VND 216.36 trillion in 2019, up VND 17.58 trillion from the year earlier, with VND 15.4 trillion entrusted by local budgets.
VBSP General Director – Mr. Duong Quyet Thang has asked the bank’s departments to follow the Government’s guidelines on socio-economic development and credit growth plans in 2020 assigned by the PM.
He required all units of the bank to take initiative in mobilizing financial resources for lending and timely disbursing credit in order to meet financial demands of the targeted groups, thus contributing to reducing black credit and improving the operational efficiency of the bank.
- Entrusted activities between VBSP and mass organizations
- 61,000 customers receiving preferential loans in first seven months in Can Tho
- The female village leader instills confidence through her actions
- Preferential loans provide a path out of poverty
- Nearly 160 billion VND in preferential loans provide support to 2,760 households in O Lam commune
- Quang Ngai: Policy-based capital extends the seasons of greenery
- Improving the effectiveness of policy credit operations in high-altitude mountainous communes
- VBSP provide support for coffee replanting
- Policy credit - Effectiveness of poverty reduction in Tram Than commune
- Nam Cuong strives for 100% of its savings and loan groups to be rated as good
- Effectiveness of Job Creation Lending Program in Ha Nam province
- Rural and agriculture finance for the poor and other vulnerable groups - Best practices from VBSP
- Support disadvantaged students - Increase in loan amount
- The effectiveness of inclusive finance in Gia Lai province
- VBSP’s positive results on social security responsibility to vulnerable groups
- Policy credit: An effective tool for sustainable poverty reduction
- Boost inclusive finance service for ethnic minorities to escape poverty
- A big change in awareness and action - VBSP (part 4)
- A big change in awareness and action - VBSP (part 3)
- Social policy credit contributes to sustainable poverty reduction and new rural construction
- Improving the effectiveness of policy credit operations in high-altitude mountainous communes
- VBSP provide support for coffee replanting
- A BANK ON THE ROAD” – SERVING THE POOR AND OTHER VULNERABLE GROUPS THROUGH SCHEDULED COMMUNE TRANSACTIONS
- 2,730 customers access inclusive finance in Luc Yen district
- Concessional Loans Empower Veterans to Pursue Economic Opportunities
- Giving opportunities and instilling confidence in reformed offenders in Dak Lak
- Policy credit "awakens" the value of traditional craft villages in Nghe An province
- Digitalization of policy credit for the poor and other vulnerable segments to contribute to the national comprehensive finance strategy
- Saving Money to Help the Poor
- 47,454 poor households and other policy beneficiaries acess inclusive finance in Nghe an province during first six months
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