Total outstanding policy credit reached over 694 billion VND

Staff of the Social Policy Bank of Nui Thanh district disburses loans to borrowers. Photo: VP

By the end of 2024, the total outstanding policy credit balance in Nui Thanh district will reach more than 694 billion VND, an increase of more than 57 billion VND compared to the beginning of the year, a growth rate of 8.95%, with 5,238 households borrowing capital.

There are 6 credit programs with outstanding loans increasing compared to the beginning of the year, including: loans for near-poor households, job creation, students, clean water - environmental sanitation, people who have completed their prison sentences and policy beneficiaries working abroad.

Policy credit quality was maintained, overdue debt ratio accounted for 0.052% of total outstanding debt; capital mobilization reached a balance of over VND 83.5 billion, an increase of VND 8.3 billion compared to the beginning of the year, an increase of 11.09%, completing 100% of the set target.

Bad debt as of December 31, 2024 is 514 million VND, accounting for 0.074% of total outstanding debt; 10 communes have no overdue debt. Debt is frozen at 150 million VND, accounting for 0.02% of total outstanding debt; the actual debt collection rate is 100%.

Source: https://baoquangnam.vn/nui-thanh-tong-du-no-tin-dung-chinh-sach-dat-hon-694-ty-dong-3147423.html