Outstanding policy credit balance reaches over 343 billion VND

Dong Giang district summarizes policy credit activities in the first quarter of 2025. Photo: NGOC VY

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 having outstanding debt.

Loan turnover in the first 3 months of the year reached more than 26.4 billion VND with 362 customers borrowing capital. Total debt due in the first quarter of 2025 is nearly 8.2 billion VND (of which debt recovery is more than 3.6 billion VND, debt extension is nearly 4.5 billion VND, no bad debt).

The district has 122 savings and loan groups, of which 121 are classified as good and 1 is classified as fair. Loan disbursement, principal and interest collection, savings mobilization, and debt settlement are timely and in accordance with regulations.

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. Photo: NGOC VY

Members of the Board of Directors of the Social Policy Bank of Dong Giang district inspected 4 associations, 10 savings and loan groups, and 50 borrowing households in 2 communes (Ka Dang, Arooi) on the implementation of policy credit and use of loan capital.

The inspection showed that the monthly debt and interest payments and savings mobilization were well implemented by the groups. Borrowers used the capital well for economic development and for the right purposes; some poor households escaped poverty, and many became 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 for their achievements in policy credit activities.

Source: https://baoquangnam.vn/dong-giang-du-no-tin-dung-chinh-sach-dat-hon-343-ty-dong-3152452.html