As much as 1.24 million impoverished households and policy beneficiariesin Hanoi have accessed capital from the Vietnam Bank for SocialPolicies (VBSP) over the past 12 years, given a combined loan value ofover 14 trillion VND (658 million USD).
Of the total, 515,000 impoverished households received 18.5 million VND each.
The capital helped 160,000 households rise out of poverty and createdjobs for 430,000 locals, said Nguyen Kim Phung, Director of the HanoiVBSP branch during a working session with prominent Hanoi leadersrecently.
Meanwhile, 138,000 students have also benefited from VBSP loans and 7,200 houses were built, she said.
Last year, the Hanoi branch offered loans to 120,000 households, including 17,000 disadvantaged and 11,000 students.
The branch also generated jobs for 30,000 locals, upgraded 60,000 cleanwater facilities, and contributed to reducing impoverished householdratio to 1.91 percent in 2014 from 2.66 percent in 2013.
According to Phung, the branch targets 8 percent growth in 2015 and as much as a 10 percent growth in 2020.
However, VBSP General Director Duong Quyet Thang held that loans forimpoverished households remains low, limiting their socio-economicdevelopment and ability to rise out of poverty.
Chairmanof the Hanoi People’s Committee Nguyen The Thao proposed that the HanoiVBSP branch should diversify its capital resources and step upadministrative reform to improve access to capital.-VNA
Of the total, 515,000 impoverished households received 18.5 million VND each.
The capital helped 160,000 households rise out of poverty and createdjobs for 430,000 locals, said Nguyen Kim Phung, Director of the HanoiVBSP branch during a working session with prominent Hanoi leadersrecently.
Meanwhile, 138,000 students have also benefited from VBSP loans and 7,200 houses were built, she said.
Last year, the Hanoi branch offered loans to 120,000 households, including 17,000 disadvantaged and 11,000 students.
The branch also generated jobs for 30,000 locals, upgraded 60,000 cleanwater facilities, and contributed to reducing impoverished householdratio to 1.91 percent in 2014 from 2.66 percent in 2013.
According to Phung, the branch targets 8 percent growth in 2015 and as much as a 10 percent growth in 2020.
However, VBSP General Director Duong Quyet Thang held that loans forimpoverished households remains low, limiting their socio-economicdevelopment and ability to rise out of poverty.
Chairmanof the Hanoi People’s Committee Nguyen The Thao proposed that the HanoiVBSP branch should diversify its capital resources and step upadministrative reform to improve access to capital.-VNA
