Achieved outstanding loan balance of nearly 110 billion VND

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(BTNO) - On the afternoon of March 19, Hoa Thanh People's Credit Fund (Hoa Thanh town) held its annual congress of members to evaluate business activities in 2024 and deploy tasks for 2025.

Hoa Thanh People's Credit Fund rewards collectives.

In recent times, the activities of Hoa Thanh People's Credit Fund have played an important role, providing timely capital support for members to develop the economy, improve their living standards, create jobs, and contribute to limiting usury...

As of December 31, 2024, total operating capital reached nearly 160 billion VND; of which, charter capital was nearly 8.6 billion VND; mobilized capital was more than 133 billion VND. Total outstanding loans reached nearly 110 billion VND; bad debt was well controlled with a low rate of 0.1% of total outstanding loans.

The strong lending areas are service business, agricultural production, and daily life. The business results and pre-tax profit of Hoa Thanh People's Credit Fund reached over 2.2 billion VND, and after-tax profit was over 1.3 billion VND.

In addition, in 2024, Hoa Thanh People's Credit Fund actively contributed to social charity activities such as: supporting people affected by storm No. 3; contributing to the Fund for the Poor, the Education Promotion Fund; giving gifts to the poor on holidays and Tet... with a total cost of nearly 110 million VND.

On this occasion, Hoa Thanh People's Credit Fund awarded 9 groups and 14 individuals who made many contributions to the Fund's activities in 2024.

Vo Liem

Source: https://baotayninh.vn/quy-tin-dung-nhan-dan-hoa-thanh-dat-du-no-cho-vay-gan-110-ty-dong-a187698.html