The U.S. government will give loans to HIV/AIDS patients and caregivers of orphans and vulnerable children under a program launched on Thursday, according to the U.S. Consulate General in Ho Chi Minh City.
A total 750 Vietnamese, many of whom are women who support at least five family members, will benefit from the U.S. President’s Emergency Fund for AIDS Relief (PEPFAR) program.
The program will be implemented in seven provinces and cities, namely Quang Ninh Province, Hai Phong City and Hanoi in the north, the central province of Nghe An, the Mekong Delta provinces of Can Tho and An Giang, and Ho Chi Minh City.
Each loan recipient will receive an average US$450 over the next 12 months to start small businesses, according to the U.S. Consulate.
Before receiving the loan, beneficiaries will work with project staff to develop feasible business plans, which include a timeline for re-paying all funds within three years.