Check and supervise policy credit activities in Muong Man commune

The Board of Directors of the Social Policy Bank (SPB) of Ham Thuan Nam district, led by Ms. Mai Thi Ngoc Anh - Vice Chairman of the District People's Committee and Head of the Board, together with leaders of the SPB, recently organized a delegation to inspect and monitor the policy credit situation in Muong Man commune.

The delegation inspected the policy credit activities of the commune, the entrusted organizations, the loan groups and some households borrowing capital in the commune to grasp the actual situation of the implementation of the lending programs of the district's Social Policy Bank. Through the inspection, some households borrowing capital, the loan capital was used by the people for the right purpose, effectively in production and business, the loan plans were profitable, ensuring the ability to repay the debt when due. The Party Committee and the People's Committee of Muong Man commune paid attention to the policy credit work, the socio -political organizations in the commune also promoted the role, functions and tasks of the organizations entrusted to lend in propagating and disseminating the Party's and State's policies and guidelines on policy credit to the people. Thereby, it created favorable conditions for the activities of the district's Social Policy Bank in the commune, helping people to easily access policy credit and use loan capital effectively.

Checking Le Van Sy Tien's household borrowing capital to raise breeding cows.

Up to now, the total outstanding debt of Muong Man commune has reached 29,340 million VND, including 8 policy credit programs, with 911 households borrowing capital in 3 villages and 18 savings and credit groups (S&L). The activities of entrusted organizations and unions, the Management Board of S&L Groups are relatively stable. The rate of borrowing households participating in monthly savings through S&L Groups is 98.2%, the deposit balance is 900 million VND. Besides the achieved results, there are still some shortcomings in the management of entrusted capital sources of the Commune-level S&L Groups, such as: The work of archiving records of some S&L Group leaders is not really scientific ; some borrowing households still have outstanding interest, incompletely archive interest and savings receipts. Borrowing households still work far away and leave their place of residence, leading to overdue debts.

Ms. Mai Thi Ngoc Anh - Vice Chairman of the District People's Committee acknowledged and highly appreciated the results achieved by the People's Committee and the Poverty Reduction Committee of Muong Man commune in directing and implementing policy credit in the area. At the same time, she requested the People's Committee and the Poverty Reduction Committee of the commune to continue to well implement Directive 40 and Conclusion No. 06 of the Central Party Secretariat on strengthening the Party's leadership over social policy credit; direct the entrusted associations and organizations to continue to promote the sense of responsibility, strengthen inspection and supervision, especially the inspection of the use of loans to ensure the right purpose; urge the collection of due debts and outstanding interest, not to let overdue debts arise; focus on directing the Savings and Credit Groups to well manage credit capital, attract more preferential capital to meet the borrowing needs of the people. Regarding the work of reviewing information on cases with outstanding debts who have left their place of residence, the Commune People's Committee coordinates with the Commune Police and the District Social Policy Bank to check and report promptly for proper handling.

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