Dong Giang: Total outstanding policy credit increased by 3.6% compared to the end of 2024

On the afternoon of April 9, the Board of Directors of the Social Policy Bank (CSXH) of Dong Giang district held a conference to review the activities of the first quarter and deploy tasks for the second quarter of 2025.

Dong Giang District Social Policy Bank held a conference to review first quarter activities.

As of March 31, the total outstanding policy credit balance in Dong Giang district reached more than 343 billion VND (an increase of 3.6% compared to the end of 2024) with 5,236 households still in debt. Loan turnover in the first 3 months of the year reached more than 26.4 billion VND with 362 customers borrowing capital. The total debt due in the first quarter of 2025 is nearly 8.2 billion VND (of which: debt recovery of 3 billion 665 million VND; debt extension of nearly 4.5 billion VND; no bad debt).

Mr. Do Huu Tung - Acting Chairman of Dong Giang District People's Committee and Ms. Dinh Thi Ngoi - Chairman of Song Kon Commune People's Committee received certificates of merit from the General Director of Vietnam Bank for Social Policies.

Currently, Dong Giang district has 122 savings and credit groups, of which 121 are classified as good, 1 group is classified as fair, and there are no average or weak groups. The work of loan disbursement, principal and interest collection, savings mobilization, and debt settlement on time is ensured in accordance with regulations. Members of the Board of Directors of the Dong Giang District Social Policy Bank inspected 4 associations, 10 savings and credit groups, and 50 borrowers in 2 communes (Ka Dang and Arooi) on the implementation of policy credit and the use of loan capital. The inspection showed that the monthly debt and interest repayment and savings mobilization were well implemented by the groups. Borrowers have promoted the use of capital for economic development and used capital for the right purposes; some poor households have escaped poverty, and many households have become well-off.

At the conference, Mr. Do Huu Tung - Acting Chairman of Dong Giang District People's Committee and Ms. Dinh Thi Ngoi - Chairman of Song Kon Commune People's Committee received certificates of merit from the General Director of Vietnam Bank for Social Policies.

Ngoc Vy

Source: https://qrt.vn/kinh-te/dong-giang-tong-du-no-tin-dung-chinh-sach-tang-36-so-voi-cuoi-nam-2024/