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Handing over microfinance project worth more than 12 billion VND to local partners in Hoa Binh province

On 28 October, Hoa Binh City and Cao Phong District People’s Committees cooperated with ChildFund Vietnam to organise the Handover Ceremony of the Microfinance Project in Ky Son and Cao Phong districts. Attending the event were representatives from the Department of Planning and Investment of Hoa Binh province, the State Bank of Hoa Binh province, the Women’s Union from 12 communes implementing the project…

The project started in 2017 and by the end of 30 September 2022, 4.9 billion VND has been handed over to Hoa Binh City People’s Committee, 7.3 billion VND to Cao Phong District People’s Committee. The project has enabled nearly 2,000 female members to get loans for production and business development, building and replicating economic development models, and expanding the scale of production.

During operation, the two funds have been closely supervised by ChildFund Vietnam and the State Bank of Hoa Binh province through periodic inspections to ensure efficiency and transparency.

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