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VBSP increases lending packaged for poor households

by VTV423 February 2019 Last updated at 16:23 PM

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VBSP increases lending packaged for poor households
(Photo: VNA)
VTV.vn - From the beginning of March, the Bank for Social Policies will increase the maximum lending rate for poor households from 50 million VND per household to 100 million VND per household.

The goal is to meet the capital needs for the production and businesses of poor households. At the same time, the Bank for Social Policies has also raised the maximum loan term to 120 months. As of the beginning of this year, the total outstanding loans of credit programs of the Social Policy Bank reached over VND 187 trillion in which outstanding loans to poor households reached over VND 38 trillion which accounts for about one-fifth of all outstanding loans.

Currently, 1.28 million poor households are being granted preferential loans.