VWU trust loans for poor women praised

On 9th Feb, the Vietnam Bank of Social Policies (VBSP) and four socio-political organizations held a review meeting on trust loans for poor households and social policy beneficiaries.

At the meeting, VPSB General Director Duong Quyet Thang congratulated VWU President Nguyen Thu Ha for having been appointed by the Prime Minister to be a member of VBSP Board of Directors.

Speaking at the meeting, President Nguyen Thi Thu Ha affirmed that the VWU in its upcoming trust loan activities would prioritize poor women, especially remote area inhabitants, social policy beneficiaries and those of ethnic minorities.

She also suggested the VBSP promote its training activities for credit borrowing groups at the grassroots, diversify group meeting contents, and strengthen its supervision to minimize capital misuse.

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 VWU President Nguyen Thi Thu Ha speaked at the meeting

At the meeting, VBPS General Director Duong Quyet Thang highly praised VWU trust loan activities.

Statistics show that VWU ranks 1st in number of credit and saving books, number of borrowing households, value of total outstanding loans, growth rate of outstanding loans, and percentage of overdue debts as compared to those of other socio-political organizations.

At the meeting, the delegates discussed the upcoming tasks, such as solving overdue and bad debts, increasing savings fund and mobilizing resources, building capacity of grassroots borrowing groups, etc.

Translated by the IRD