Hoa Binh: Over 700 billion VND in loans for production and business households in disadvantaged areas

DNHN - According to the Hoa Binh branch of VBSP, loans for production and business households in disadvantaged areas under Decision No. 31/2007/QD-TTg of the Prime Minister are one of the four credit programmes with the largest outstanding balance.

The transaction office of the VBSP in Da Bac district guides people through the procedures for borrowing capital under the loan programme for production and business households in disadvantaged areas
The transaction office of the Vietnam Bank for Social Policies (VBSP) in Da Bac district guides people through the procedures for borrowing capital under the loan programme for production and business households in disadvantaged areas.

By the end of February 2024, the outstanding balance of this credit programme reached over 701 billion VND with nearly 16.8 thousand customers still having outstanding balances.

In the first two months of 2024, this was the credit programme with the third highest loan turnover, with nearly 45.2 billion VND disbursed to 747 production and business households in disadvantaged areas. The Hoa Binh provincial VBSP branch said that this is a credit programme with a high demand for borrowing capital. The branch continues to screen and disburse funds promptly so that production and business households in disadvantaged areas have the capital to develop their economy, bringing about practical effects in ensuring social security in the province.

Duc Phuong – Hoa Binh Representative Office

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