More than 8,400 people received loans for economic development

From the capital source of the Transaction Office of the Bank for Social Policies (PGD NHCSXH) Quang Ninh, recently more than 8,414 people have proactively borrowed capital to develop the economy and increase income.

Poor households are supported with loans to invest in livestock farming and economic development - Photo: LC

According to Nguyen Tuan Ngoc, Director of the Quang Ninh Social Policy Bank Transaction Office, as of June 30, 2025, the total outstanding debt of the Quang Ninh Social Policy Bank Transaction Office reached over VND 610 billion, an increase of over VND 24 billion compared to the beginning of the year, with over 8,414 households still in debt, with an average outstanding debt of over VND 71 million/household. Currently, the lending program with the largest outstanding debt is clean water and environmental sanitation in rural areas with VND 140 billion, accounting for 23.3%.

To ensure sufficient capital to implement policy credit programs, along with capital from the superior bank, the unit has advised the Party Committee and local authorities to increase the source of funding from the local budget entrusted through the Vietnam Bank for Social Policies. This has ensured capital for lending to the subjects. As of June 30, 2025, the capital entrusted from the local budget reached over 14 billion VND, an increase of 4.2 billion VND compared to the beginning of the year.

The timely transfer of preferential capital has created conditions for the grassroots government to be close to the people, understand the people, contribute to strengthening the people's trust in the Party and the State, narrow the gap between rich and poor, between urban and rural areas, help the poor escape poverty sustainably, minimize the situation of falling back into poverty; contribute significantly to the effective implementation of local socio-economic targets.

L.Chi

Source: https://baoquangtri.vn/hon-8-400-nguoi-dan-duoc-vay-von-phat-trien-kinh-te-195472.htm