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VND56 Billion Raised for Fund for the Poor in the First Six Months this Year

In the first six months this year, VND56 billion (US$3.19 million) raised for fund for the poor, making up 100% of the planned target, up 167% compared with the same period last year, in which Central Policy Bank offered VND50 billion and VND6 billion from local budget.

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Thanks to timely loans, many of the poor gradually get rich.

    In terms of preferential policies, some 4,000 households get loans, with total lent capital of VND50 billion (US$2.85 million), hitting 40% of the target and 35.71% of distributed capital. Earlier this year, because local authorities had the poor households checked in accordance with new poverty standard, rate of lending was low; but the highest rate came in the last couple of months.

L.H (Reported by Do Quyen)

 

Author: phongvien

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