As of August 15, 2023, the total mobilized capital of people's credit funds in the area reached nearly 4,600 billion VND, accounting for 5% of the total mobilized capital of the Ha Tinh banking sector.
Ha Tinh currently has 32 people's credit funds (PCFs) operating in 62 communes, wards and towns. In general, the operations of the fund system are increasingly developing in scale and quality, in accordance with its principles and purposes.
Customers come to make transactions at the Nhuong Linh Inter-commune People's Credit Fund (Cam Xuyen).
In recent times, capital mobilization has continued to be promoted by the People's Credit Funds in Ha Tinh. Accordingly, the fund system has implemented many effective policies such as: increasing attraction and recruiting new members according to regulations, approaching potential customers inside and outside the operating area. Strictly complying with the mobilization interest rate schedule prescribed by the State Bank of Vietnam at each specific time to create trust for customers; designing preferential deposit products for loyal customers; taking advantage of support capital from the Cooperative Bank, Ha Tinh Branch... Thanks to that, the mobilized capital of the People's Credit Fund system has had good growth.
As of August 15, 2023, the total mobilized capital of the People's Credit Funds in the area reached 4,597 billion VND, an increase of 16.95% over the same period in 2022 and accounting for 5% of the total mobilized capital in the whole area.
Mobilized capital is a resource for people's credit funds to support members in developing production and business, contributing to hunger eradication and poverty reduction, and local socio-economic development.
Some units have had good capital growth in recent times such as: Cuong Gian Inter-commune People's Credit Fund (Nghi Xuan); Cam Thanh Inter-commune People's Credit Fund, Nhuong Linh Inter-commune People's Credit Fund (Cam Xuyen); Giang Dong Tien People's Credit Fund (Ky Anh district); Thach My People's Credit Fund (Loc Ha)...
In fact, mobilized capital is an important resource for people's credit funds to continue to reinvest in lending, support members in developing production and business, contribute to poverty reduction, develop local socio-economy and push back "black credit", especially in rural areas.
Thao Hien
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