Outstanding policy credit in Nong Son reaches over 204 billion VND

Nong Son District Social Policy Bank guides loan procedures for savings and loan groups. Photo: MINH THONG

In the first 9 months of 2024, policy credit capital has been used to help 823 poor households and other policy beneficiaries borrow capital for production and business, creating jobs for 442 workers, and building more than 700 clean water and rural environmental sanitation works...

As of September 30, the total outstanding loans for policy credit programs reached more than VND 204 billion, with 3,673 borrowing households. The average outstanding loan reached VND 55.6 million/household, the average outstanding loan group reached nearly VND 2.2 billion/savings and loan group (93 groups). Overdue debt was VND 108 million, an increase of VND 42 million compared to the beginning of 2024, accounting for 0.05%; deferred debt was VND 191 million, accounting for 0.09%.

To improve the quality of operations, the District Social Policy Bank coordinated with departments, associations and localities to inspect and control 6 communes, 24 associations, 34 savings and loan groups; inspected and scored transaction groups at commune transaction points according to regulations.

In the coming time, Nong Son District Social Policy Bank will continue to disburse and complete 100% of the credit plan targets assigned in 2024; collect due debts, overdue debts, strive to keep the overdue debt ratio below 0.05%; mobilize savings deposits, strive to complete 100% of the targets...

Source: https://baoquangnam.vn/du-no-tin-dung-chinh-sach-o-nong-son-dat-hon-204-ty-dong-3142585.html