Cam Ranh promotes effective social housing loan program

Capital to help families build houses

Previously, the level 4 house of Ms. Lam Thi Chi Hien's family (Cam Linh ward, Cam Ranh city) was damaged, degraded, and often flooded when it rained. As a member of the women's association of the residential group, with a low income and having to raise her children, Ms. Hien did not have the conditions to build or repair a house. In 2023, through the authorization of the women's union, she was able to borrow 440 million VND from the loan program for new construction or renovation and repair of houses for housing of the Vietnam Bank for Social Policies. Ms. Hien shared: "Thanks to the social housing loan, my family was able to build a new house. With preferential interest rates, the family has less pressure to repay the debt. Every month, my family pays the principal and interest of nearly 4 million VND. Currently, both of my children are working, so they help pay off the bank loan."

The social housing area of ​​Cam Nghia ward (Cam Ranh city) is expected to be eligible for sale this year.

The family of Mr. Le Xuan Lap (Cam Loi Ward, Cam Ranh) is also one of the customers who benefited from the social housing loan program; building new houses or renovating and repairing houses for living of the Social Policy Bank. The salary of Mr. Lap and his wife, a teacher, is only enough to cover the living expenses of 5 people in the family. Therefore, building a new house is beyond the financial capacity of the couple. However, when they accessed the capital of the social housing loan program from the Cam Ranh City Social Policy Bank Transaction Office, Mr. Lap's family's dream came true. The total cost of building the house is more than 550 million VND, of which the Social Policy Bank lent Mr. Lap's family 330 million VND. Every month, his family pays the principal and interest of nearly 5 million VND. Since having a new house, the couple has been able to work with peace of mind; the whole family has better living conditions, especially the 2 young children and the elderly mother.

Continue to promote lending

In recent times, the Cam Ranh City Social Policy Bank Transaction Office has actively coordinated with local authorities to promote the dissemination to beneficiaries to access capital sources for the program of loans to buy, hire-purchase social housing; build new or renovate and repair houses for living and promptly disburse loans to customers. According to the report of the Cam Ranh City Social Policy Bank Transaction Office, up to now, the outstanding loan balance of the program of loans to buy, hire-purchase social housing; build new or renovate and repair houses for living in Cam Ranh City has reached nearly 58.2 billion VND with 154 outstanding customers. With preferential interest rates, the capital from this program has helped cadres, civil servants, public employees, and low-income people have the opportunity to build new, repair, and renovate houses, helping many families improve their quality of life and settle down in the locality.

Currently, in Cam Ranh City, there is a social housing project in Cam Nghia Ward with a scale of 3,560 units being implemented and expected to be eligible for sale in 2025. Ms. Phan Phuoc Thao - Director of the Transaction Office of the People's Credit Fund of Cam Ranh City said that the demand for loans from the program for loans to buy, hire-purchase social housing; to build new or renovate and repair houses for living in the city is quite large. Therefore, at the beginning of this year, the provincial People's Credit Fund assigned the Transaction Office of the People's Credit Fund of Cam Ranh City 3.5 billion VND to implement this program. In the coming time, the bank will continue to strengthen propaganda to beneficiaries so that people can grasp the policies of the social housing loan program and access capital in a timely manner. At the same time, the bank also coordinates with associations and organizations entrusted to improve credit quality; Reform loan procedures so that beneficiaries can access capital conveniently and transfer capital to the right subjects and for the right purposes.

MAI HOANG

Source: https://baokhanhhoa.vn/kinh-te/202504/cam-ranh-phat-huy-hieu-qua-chuong-trinh-cho-vay-nha-o-xa-hoi-b4e2f31/