Society

Thua Thien-Hue helps needy households escape poverty

The central province of Thua Thien – Hue has so far supported 14,000 needy households in accessing preferential loans from the Vietnam Bank for Social Policies (VBSP) in 2017.
Thua Thien-Hue helps needy households escape poverty ảnh 1Vice President of the Vietnam Fatherland Front Le Ba Trinh presents Tet gifts to the needy in Thua Thien-Hue province  (Photo: VNA)

ThuaThien– Hue, (VNA) – The central province of ThuaThien – Hue has so farsupported 14,000 needy households in accessing preferential loans from theVietnam Bank for Social Policies (VBSP) in 2017.

NguyenVan Nghia, residing near Tam Giang lagoon in QuangLoi commune, QuangDiendistrict, is a prime example of poor people escaping poverty thanks topreferential loans. Nghia’s family had been living under the poverty line formany years. Local authorities assist them to borrow 30 million VND (1,324 USD)from the VBSP to start duck breeding. In 2016, the family escaped poverty.Nghia received another loan of 20 million VND (882.8 USD) in January this yearto further expanding his business.

Preferentialloans have helped boost sustainable poverty reduction in the province. So far,95,000 local poor and near-poor households have accessed preferential loansworth over 2 trillion VND in total.

Since2016, ThuaThien – Hue has implemented a poverty alleviation programme worthmore than 52 billion VND (2.29 million USD). It has helped provide vocationaltraining for 1,285 people as well as educational support for 3,300 students.

Accordingto the multidimensional poverty standards, the province has 23,600 householdliving under the poverty line and more than 14,000 others living close to theline. The figures account for 8.36 and 4.97 percent of the local populationrespectively.-VNA

VNA
#multidimensional poverty standards#preferential loans#Vietnam Bank for Social Policies
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