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Updated: 2021-04-05 16:55:31

Over 6.4 million poor households access VBSP’s loans

(VBSP News) As of March, more than 6.4 million poor and near-poor households had won access to loans from VBSP.

More than 6.4 million poor and near-poor households had won access to loans from the VBSP

As of March, more than 6.4 million poor and near-poor households had won access to loans from the VBSP.

Its total credit balance stood at 230.55 trillion VND (10.01 billion USD) at the end of last month, up 4.35 trillion VND as compared with the end of 2020.

Up to 169.52 trillion VND or 73.5 percent of the credit balance was used to serve production, business and job generation, and the remainder for improving the livelihood.

VBSP’s accumulative credit loans reached 239.2 trillion VND, up 5.77 percent from last year.

Governor of the State Bank of Vietnam Nguyen Thi Hong, who is also Chairwoman of the Board of Directors of the VBSP, said since the beginning of this year, the VBSP has taken prompt actions in disbursement to meet capital demand of poor and near-poor households, and other social policy beneficiaries.

She ordered stepping up the reception of trusted capital from local bank for social policies, as well as the mobilization of deposits from organizations and individuals, while better retrieving due debts during the second quarter.

vietnamplus.vn

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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...