Mobilizing loan capital to meet production and business development needs

(CT) - According to the Transaction Office of the Social Policy Bank (SPB) of Thot Not District, since the beginning of the year, the District People's Committee has transferred 3.5 billion VND of entrusted budget capital to the SPB, exceeding 16% of the city's assigned target, prioritizing loans for youth start-up models, demobilized youth, OCOP products, traditional craft villages, production and business associated with tourism... in the area. The total outstanding debt of loan programs is over 487.7 billion VND, with 10,450 borrowers; overdue debt is 0.23%. Loan turnover is over 44.5 billion VND, with 1,015 borrowers. The whole district has 1 ward, 10 ward-level associations and unions and 177/219 savings and loan groups (TK&VV) with no overdue debt...

Staff of the Transaction Office of the People's Credit Fund of Thot Not District and the Farmers' Association of Trung Kien Ward surveyed households borrowing capital to develop fruit gardens associated with tourism .

In the coming time, the district's Social Policy Bank transaction office will continue to focus on mobilizing deposits from organizations, individuals, and savings and credit groups to supplement lending capital, meeting the needs of production and business development; quickly disburse assigned credit programs with targets associated with effective debt settlement, striving to reduce the overdue debt ratio, maintaining Trung Nhut ward without overdue debt; improving the quality of entrusted activities of associations, unions, and savings and credit groups. Along with strengthening inspection and supervision of lending activities, training, and improving the professional qualifications of association and union officials, the district's Social Policy Bank transaction office will effectively apply information technology in policy credit management, and at the same time, boldly change the leaders of savings and credit groups who are not up to the job according to the current digital technology trend...

News and photos: AP

Source: https://baocantho.com.vn/huy-dong-nguon-von-cho-vay-dap-ung-nhu-cau-phat-trien-san-xuat-kinh-doanh-a186011.html