During the implementation of the NS&VSMTNT lending program, the Government has repeatedly adjusted and increased the loan amount to suit the actual situation. Currently, the maximum loan amount of the NS&VSMTNT lending program is 25 million VND/project/customer; the loan interest rate is 9.0%/year. The interest rate on overdue debt is 130% of the loan interest rate; customers are allowed to borrow capital to invest in new projects, upgrade, renovate, and repair 2 types of clean water and household environmental sanitation projects, but the total outstanding debt for each type of project does not exceed the maximum loan amount for each type of project; the loan term is agreed upon by the VBSP with the customer, but is a maximum of 5 years. According to current regulations, beneficiaries are households residing in rural areas without water supply or sanitation projects, households or those that have them but are damaged and need to be newly built, upgraded, renovated, or repaired.
Households eligible for loans must have an application for loans to build new or renovate and upgrade NS&VSMTNT facilities; commit to using the loan for the right purpose, repay the debt on time and be confirmed by the commune-level authorities to be able to borrow capital at the Transaction Office of the Social Policy Bank. From the capital source of the NS&VSMTNT loan program, the needs and aspirations of the people have been promptly met, gradually improving the quality of life, improving the environment, protecting health, and promoting local socio -economic development.
Ms. To Thi Hieu, Hamlet 2, Nguyen Binh Commune shared: In 2024, I was able to borrow 25 million VND from the NS&VSMTNT loan program along with my savings to build a water tank, bathroom, and closed toilet. Thanks to the preferential loan from the Social Policy Bank, my family has had a stable life, guaranteed water supply, closed sanitation facilities, and all family activities are much more convenient.
As one of the households that effectively used the preferential loan for NS&VSMTNT, Ms. Hoang Thi Luu, Ban Nung hamlet, Nguyen Binh commune said: With the guidance of the Head of the Savings and Loan Group, in 2021, I borrowed 20 million VND from the preferential loan for NS&VSMTNT to invest in building a water tank, buying tanks, water pipes and building a closed toilet. Thanks to the capital, up to now, my family has clean water for daily use and a toilet.
Many households also received loans from the NS&VSMTNT loan program to improve environmental sanitation, improve the quality of life, gradually form a civilized and cultural lifestyle, raise awareness of environmental preservation and protection, and gradually eliminate backward and unhygienic living habits of rural people. Nguyen Binh Commune People's Committee Chairwoman Hoang Thi Hoa said: For the NS&VSMTNT loan program alone, the whole commune currently has 121 borrowers with a total outstanding debt of 3.4 billion VND. From the loan capital, people have built 242 clean water systems and toilets. The NS&VSMTNT loan program changes people's awareness of using clean water and ensuring environmental sanitation in daily life, forming a cultural and civilized lifestyle, raising awareness of preserving and protecting the environment, completing the content of environmental and food safety criteria, contributing to Nguyen Binh commune meeting new rural standards by 2030.
With flexible lending methods, simple procedures, low interest rates suitable to the capacity and economic conditions of the people, the NS&VSMTNT Loan Program has helped 744 customers borrow with a total outstanding loan of over 15 billion VND. Households have built more than 1,400 projects to improve domestic water supply, build water tanks, and ensure toilets meet national standards on NS&VSMTNT.
In order for people to access preferential capital and use it for the right purpose, Director of the Transaction Office of the Bank for Social Policies Nguyen Binh Luong Thanh Hieu said: The Transaction Office continues to coordinate with associations and organizations to strengthen propaganda and dissemination of credit policies on the loan program for NS&VSMTNT, creating favorable conditions for people in rural areas to access and borrow capital with preferential interest rates to build clean water and sanitation works. Promote debt collection and timely interest collection so that capital can be circulated, creating opportunities for other households to access and improve clean water in daily life, improve the quality of life, and contribute with local authorities to complete criterion No. 17 on environment and food safety in new rural construction.
Source: https://baocaobang.vn/gop-phan-nang-cao-chat-luong-cuoc-song-nguoi-dan-nong-thon-3182497.html
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