Press Release
The effectiveness of the policy capital in Huong Son district in recent years
(VBSP News) Up to now, the total outstanding loans of VBSP in Huong Son district have reached more than VND 516 billion with over 14,000 active customers. The source of preferential capital has become reliable for the poor and other policy beneficiaries to invest in production and business, step by step improve their lives, and escape from poverty sustainably.
In resonse to the Covid-19 pandemic, at commune transaction points, the VBSP in Huong Son district equipped face shields, divided time for customers in the transaction and seriously implemented the 5K message
Mr. Dao Tien Dung's family in Trung Bang village, Son Bang commune borrowed a loan from newly escape from poverty household credit program to invest in raising deer and buffalo
Up to now, his family has 3 buffaloes and 5 deers, earning up to 100 million VND per year
Borrowing 50 million VND to get out of poverty, Mr. Pham Trung Tan's family in Trung Bang village, Son Bang commune invested in raising cows and growing corn
Up to now, his family financial condition is better
Officers of VBSP in Huong Son district and a leader of the Savings and Credit Group check loan use of Ms. Dao Thi Tham's household borrowing loans to invest in buffalo breeding
From 20 million VND borrowed from the poor households credit program of VBSP, Mr. Nguyen Ngoc Nam's family in Khe Co village, Son Le commune invested in deer breeding. In 2019, his family just got out of poverty and continued to borrowa loan from the district VBSP for newly escape from poverty household credit program to expand livestock production
Thanks to that loan, Nam's family has expanded star deer breeding to increase income, so far, his family has 5 star deers and his family financial condition is stable
Many households in Huong Son district borrowed preferential loans from the District VBSP to invest in buffalo breeding
vbsp.org.vn
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- VBSP DIGITAL TRANSFORMATION
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- The effectiveness of VBSP’s loans in helping the poor escape from poverty
- Effectively promote policy capital
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- Nearly 485,000 households provided with social policy bank loans in Q1
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- Sustainable poverty reduction from policy credit
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