As of June 30, Que Son district's policy credit balance reached more than 555.3 billion VND.

No. 2 — Que Son residents build solid houses thanks to preferential loans from the District Social Policy Bank Transaction Office. Photo: Q.VIET

The total policy credit capital of Que Son district as of June 30 reached nearly 635 billion VND. Of which, the central capital transferred was more than 513.6 billion VND (an increase of 34.2 billion VND compared to the beginning of the year, accounting for 93.05%); capital mobilized locally with interest subsidy from the central government was nearly 83 billion VND; capital entrusted from the budget was more than 38.3 billion VND (the provincial budget was 34 billion VND, the district budget was more than 4.3 billion VND).

The entire Que Son district has 16 policy credit programs being implemented with 12,436 loans, 9,148 customers with outstanding debt. The average outstanding debt is 61 million VND/household, 2.6 billion VND/savings & credit group (S&LV Group), 42.7 billion VND/commune. The unit with the highest outstanding debt is Dong Phu town with more than 87.3 billion VND.

Que Son district's policy credit supports people in raising cattle effectively. Photo: Q.VIET

The quality of policy credit in Que Son district is guaranteed. Total bad debt accounts for only over 0.11% of total outstanding debt, of which overdue debt accounts for nearly 0.06% of total outstanding debt, and frozen debt accounts for nearly 0.06% of total outstanding debt. The quality of policy credit in 13/13 communes and towns is classified as good (100%). The whole district has 206/209 Savings and Credit Groups classified as good.

However, the district budget capital entrusted through the District Social Policy Bank Transaction Office is still low (accounting for only 0.78% of total capital). Although overdue debt has decreased compared to the beginning of the year, the overdue debt ratio is still high at nearly 0.06% (the average for the whole province is 0.05%).