Outstanding policy credit in Nong Son reached over 204 billion VND.

The Social Policy Bank of Nong Son district guides the loan application procedures for savings and loan groups. Photo: MINH THONG

In the first nine months of 2024, policy credit funds provided loans to 823 customers, including poor households and other policy beneficiaries, for production and business activities, creating jobs for 442 workers, and constructing more than 700 rural water supply and sanitation projects.

As of September 30th, the total outstanding loan balance for policy credit programs reached over 204 billion VND, with 3,673 borrowing households. The average outstanding loan balance was 55.6 million VND per household, and the average outstanding loan balance per savings and loan group was nearly 2.2 billion VND (93 groups). Overdue loans amounted to 108 million VND, an increase of 42 million VND compared to the beginning of 2024, accounting for 0.05%; non-performing loans totaled 191 million VND, representing 0.09%.

To improve operational quality, the District Social Policy Bank, in coordination with various departments, associations, and localities, conducted inspections and controls in 6 communes, 24 associations, and 34 savings and loan groups; and organized inspections and scoring of transaction groups at commune transaction points in accordance with regulations.

In the coming period, the Social Policy Bank of Nong Son district will continue to disburse and complete 100% of the assigned credit plan targets for 2024; recover due and overdue debts, striving to keep the overdue debt ratio below 0.05%; mobilize savings deposits, striving to complete 100% of the target…

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