Me Linh, Hanoi: More than 400 households receive policy credit loans

As of August 2023, credit capital has helped more than 400 households in Me Linh district, Hanoi city borrow capital to invest in preventing poverty relapse, maintaining and creating stable jobs for nearly 2,000 workers.

Support loans and job search for drug addicts
More than 23,000 poor households and policy beneficiaries received loans.

According to the Me Linh District Social Policy Bank, by August 2023, credit capital had contributed to helping more than 400 households borrow capital to invest in fighting poverty relapse, maintaining and creating stable jobs for nearly 2,000 workers; households have better living conditions from 900 clean water and rural environmental sanitation works.

As of August 2023, credit capital has helped more than 400 households in Me Linh district, Hanoi city borrow capital to invest in preventing poverty relapse, maintaining and creating stable jobs for nearly 2,000 workers.

In terms of economic efficiency, thanks to policy credit capital, many collective economic models, farm models, and VACs of households have developed in accordance with the general direction of the district, contributing significantly to the goal of poverty reduction and economic development in the locality.

Up to now, the whole Me Linh district has implemented 1,489 fruit tree planting models in the communes of Chu Phan, Trang Viet, Van Khe, Tam Dong; 994 families raising livestock and poultry; 1,893 families investing in opening retail stores and service businesses...

Director of the Social Policy Bank (SPB) of Me Linh district, Nguyen Xuan Phong, said that by the end of August 2023, the total outstanding balance of credit programs reached VND 540,411 million, a growth rate of 10.7%, an increase of VND 34,702 million compared to the beginning of the year. The disbursement progress of assigned credit programs reached 99.5% of the plan.

Specifically, the district's Social Policy Bank has disbursed VND115 billion to 4,955 customers. Of which, the disbursement for the clean water and rural environmental sanitation program is VND19,272 million; support for job creation, maintenance and expansion of employment is VND94,790 million; social housing program is VND380 million; students are VND200 million; non-public preschool and primary education facilities are VND400 million. Policy credit capital has contributed to helping nearly 5,000 customers who are policy beneficiaries have capital to invest in production and business.

THANH NAM

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