As of the end of August, total loans in the areas hit VND2.342 trillion ($101.83 million), supporting the living standards of 163,694 households. However, reducing poverty remains a big challenge in the next years. In some provinces like Ha Giang or Lai Chau, the rates of poor households are 31 and 34 per cents, respectively, with ethnic minorities making up 99 per cent. It partially shows that poverty reduction in ethnic households is much lower than poverty reduction in general. Therefore, it is necessary to issue firmer policies to resolve the problem. … [Read more...] about Micro-finance as a tool to lift ethnic minorities out of poverty
