Cu Kuin District Social Policy Bank: Completed 99% of the 2023 growth plan

16:50, September 29, 2023

In the first 9 months of 2023, the Social Policy Bank (CSXH) of Cu Kuin district coordinated with relevant departments, branches, entrusted socio-political organizations and local authorities to effectively implement social policy credit programs.

Through the disbursement of policy credit programs, it has helped over 747 poor households, near-poor households, and newly escaped-poverty households; contributing to attracting and creating jobs for over 2,144 workers. Thanks to policy credit capital, it has contributed to limiting the situation of usury in rural areas, helping the poor and policy beneficiaries get acquainted with bank credit, fundamentally changing their awareness in production and business, using capital effectively, creating jobs and stable income, contributing to improving and enhancing the quality of life, and rising up to escape poverty sustainably.

By the end of September 2023, the total outstanding balance of credit programs reached over 411 billion VND, 10,123 customers who are poor households and other policy beneficiaries in the area are borrowing capital, the growth rate is 10.75% and completing 99% of the growth plan assigned in 2023.

Staff of the Social Policy Bank of Cu Kuin district discussed with households borrowing capital in Dray Bhang commune.

Officers of the Social Policy Bank of Cu Kuin district visited households borrowing preferential credit in Dray Bhang commune.

Currently, social policy credit capital is deployed in conjunction with agricultural, forestry, and fishery extension programs, science and technology transfer, production experience exchange, chain development, product consumption, etc.

Through these forms, credit capital has been effective, helping poor households and other policy beneficiaries use loans for the right purposes, creating jobs and stable income, contributing to the implementation of the National Target Program on sustainable poverty reduction in the district.

In the coming time, the District Social Policy Bank will continue to advise the Party Committee and local authorities to arrange capital entrusted from the local budget to supplement loan capital; increase outstanding debt growth associated with attention to improving credit quality, reducing overdue debt; 100% of due debts are handled promptly according to prescribed procedures...

Lan Anh

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