Residents assisted to access bank loans for production, business

Under credit programmes, more than 510 households in Muong Khoa commune, Bac Yen district, have accessed concessional loans worth over 24 billion VND (950,589 USD) from the Vietnam Bank for Social Policies, while over 230 others got loans worth 21 billion VND from the Vietnam Bank for Agriculture and Rural Development for production and business.

Representatives from Vietnam Bank for Social Policies (VBSP)’s Bac Yen district branch inspect the use of loans by residents in Muong Khoa commune.

Loan management and interest collection have been well implemented, and debts are paid on time, with no outstanding debts. Continuing to create conditions for people to access loans for production and business, the commune has coordinated with departments, agencies and organisations to verify, confirm and complete loan applications for locals in line with regulations.

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