• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Credit incentives for poor households

VGP – Many localities are actively providing preferential credits to poor and ethnic minority households.

February 23, 2009 3:11 PM GMT+7

Illustration photo

The Social Policy Bank (SPB) of the northern province of Tuyên Quang is offering more preferential loans to producers, ethnic minority households, and disadvantaged students.

The bank is also pouring capital in communes with high poverty rate and giving loans to poor families in remote areas.

SPB has opened many workshops on credit, accounting, collecting debts, mobilizing savings, and procedures to establish savings groups. It has also shaken hand with the local authorities to found more transaction offices to finance poor households’ production activities.

So far, the Tuyên Quang SPB has granted VND 392 billion for over 65,000 households to cultivate rice, maize, groundnuts and soya beans, engage in raising cattle, and expand other sidelines.

The People’s Committee of the southern province of Sóc Trăng plans to allocate VND 64 billion in the 2009-2010 credit funds to help poor families in the province.

The province also encourages the development of effective models of production, such as growing clean vegetables and crops, raising shrimps and fresh water fish.

At least 73 models have been popularized, bringing about benefits to nearly 6,000 households.

Kon Tum, a Central Highlands province, is realizing a plan on funding poor ethnic minority households to grow rubber in the period of 2009-16. The total capital for the project is VND 210.5 billion.

Accordingly, 9,090 households will receive a half cut of the interest rate for loans from the provincial SPB for six years.

Each household is funded with VND 20 million to buy crop seedlings, input materials and fertilizers to serve the rubber cultivation.

Lam Chi