Provincial Social Policy Bank inspects and supervises in Kien Tuong town

On March 27, the Board of Directors of the Long An Provincial Bank for Social Policies, led by Ms. Do Thi Kim Tham - Vice President of the Provincial Women's Union, member of the Board of Representatives of the Long An Provincial Bank for Social Policies, had a meeting to inspect and supervise the implementation of social policy credit activities in Kien Tuong town.

Checking the actual purpose of capital use at some households in Thanh Tri commune

As of March 21, 2024, the total source of policy credit capital in Kien Tuong town is over 357 billion VND, the total loan turnover in 2023 is over 104 billion VND with 1,798 customers borrowing capital, the total outstanding debt reaches over 347 billion VND; Loan turnover in the first 3 months of 2024 is over 26 billion VND, the total outstanding debt of 15 loan programs is over 347 billion VND with 5,588 customers with outstanding debt; The disbursement progress of credit programs reaches over 96% of the plan; The actual debt collection rate reaches over 80%...

The delegation inspected the actual use of capital sources at households in Thanh Tri commune. According to the local report, in 2023 and the first 3 months of 2024, the policy credit capital allocated to the locality has been effective, contributing to helping 187 poor households and other policy beneficiaries access capital; creating conditions for increasing production, stabilizing life, and escaping poverty sustainably; creating jobs for 59 workers; supporting 16 students in difficult circumstances; investing in new and renovating 75 clean water works and 74 rural environmental sanitation works.

Total allocated credit capital is over 33 billion VND; loan turnover is over 2.7 billion VND with 66 loan customers; total outstanding debt of credit programs is over 33.3 billion VND, reaching 99.63% of the plan; overdue debt rate is 0%; disbursement rate at commune transaction points is 98%, up 3.4% compared to the previous year, interest collection rate is 100%, up 0.3%; the commune is ranked as good in credit quality...

The monitoring delegation worked with the Board of Directors of the Social Policy Bank of Kien Tuong town.

Ms. Do Thi Kim Tham acknowledged the results of the activities of the Board of Directors of the Social Policy Bank of Kien Tuong town achieved in the past time, especially the priority of allocating capital to disadvantaged communes and border communes; timely disbursement of clean water and rural environmental sanitation programs, supporting job creation, helping people access and use capital effectively and for the right purposes. At the same time, she suggested that the town continue to implement lending programs well; Enhance the role of associations and representative board members in the work of entrusting and effectively managing capital sources; Ensure that 100% of the poor and policy beneficiaries who have needs and meet the conditions are able to borrow capital to develop their family economy./ .

Tuan Hung

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