North China looking for big increase in poverty-assistance loans

(chinadaily.com.cn)

Updated: 2016-02-25

At a press conference in the city of Hohot, Inner Mongolia, on Feb 23, the regional government said it will be pushing for more financing for poverty-assistance this year, with the idea of adding 10 billion yuan ($1.5 billion) in loans and a larger role in policies, commercial finance, and poverty alleviation.

The idea is to solve the poverty and life-difficulty problems through small loans of less than 30,000 yuan without a mortgage or security and with low interest, with risk guarantees and financial institutions loosening their limits.

Poverty aid press conference in Hohhot, Inner Mongolia, on Feb 23. [Photo/nm.people.cn]

Reporter raising a question at the poverty loan conference, in Hohhot, on Feb 23. [Photo/nm.people.cn]