VBSP increases lending packaged for poor households

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.