"In the village, there are still many elderly people who have it harder than me. My family is not rich but I think it is enough. I would like to leave the poor household status to give back the support to the more needy households,” said A Thư, 46, a father of 10 children in Đăk Kang Peng Village, Diên Bình Commune. … [Read more...] about Kon Tum poor households reject poverty status
Tran Lan Phuong, VBSP Deputy General Director, said that in 2019, the policy credit benefited nearly 2.2 million poor households and other policy beneficiaries. This was one of many outstanding achievements of the bank last year, contributing to supporting poor and near-poor households and those who have just got out of poverty to raise incomes, reduce poverty sustainably, and promote socio-economic development.credit programmes, the bank has implemented synchronous measures to consolidate and improve credit quality. As of December 31, 2019, overdue and charged-off debts were over 1.43 trillion VND, accounting for 0.69 percent of the total outstanding loans. policy credit and the increasingly efficient use of capital by the poor and other policy beneficiaries. … [Read more...] about Policy credit contributes to repelling black credit in poor rural areas
Pham Anh Duc, Director of the Binh Thuan branch of the Vietnam Bank for Social Policies, said over the past 5 years, the branch has disbursed 3.15 trillion VND for over 140,000 poor households, near-poor households and other policy beneficiaries to develop production and business.poor households have received support to build their houses; and nearly 10,000 households living in disadvantaged areas have got loans to invest in production and business./. … [Read more...] about When the Party’s Directive 40 spreads in life!
The Party Committee, People’s Council and People’s Committee of Si Ma Cai have also agreed to transfer the local budget for poverty reduction to the VBSP with over 28 billion VND trusted to the bank in the past five years. This has helped raise the total outstanding balance of the VBSP in the district as of the end of 2019 to 220 billion VND, 90 billion VND higher than that in the end of 2014. … [Read more...] about Capital convergence helps boost poverty reduction
Many co-operatives and co-operative groups in the district have provided vocational skill training to rural labourers. The Phước Thắng General Services Co-operative in Phước Thắng Commune, for example, provides mat weaving training to local Raglai women, which helps them earn additional income in their free time. … [Read more...] about One of country’s poorest districts sees 72% rise in per capita income in five years