Dak Lak’s policy bank changes life of poor ethnics
The Bank for Social Policies in the Central Highlands province of Dak Lak has carried out a lot of measures to help ethnic people living under and near the poverty line gain access to preferential loans.
Dak Lak (VNA) – The Bank for Social Policies in theCentral Highlands province of Dak Lak has carried out a lot of measures to helpethnic people living under and near the poverty line gain access topreferential loans.
In the first five months of this year, the bank’s loanshelped 15,668 households escape from poverty.
The bank has requested transaction points to intensifyinspections and remove unnecessary procedures to support borrowers.
The rates of disbursement, and debt and interest collectionat commune transaction points always reach over 90 percent.
During January-May, loans were totalled at 631.6 trillionVND (27.8 billion USD), reaching hands of 26,493 households.-VNA
More than 2 million households have received loans totaling 44.2 trillion VND (1.95 billion USD) from aprogramme designed to help business households in disadvantaged regions as of February 28, 2017.
The Vietnam Bank for Social Policies has helped 109,462 labourers from families of disadvantaged conditions and beneficiary policies and in disadvantaged localities go to work abroad.
The Vietnam Bank for Social Policies has provided an average of over 5.3 trillion VND in soft loans for more than 630,000 poor households in the Northwest every year to help them escape from poverty.
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The total investment exceeded 319 billion VND (12.2 million USD), including over 261 billion VND from the state budget and 57.5 billion VND mobilised from businesses, organisations, and individuals.
Illustrative image (Source: daklak.gov.vn) 
