Dak Nong Social Policy Bank Transaction Office and 4 political and social organizations signed a loan trust agreement

The Dak Nong Social Policy Bank Transaction Office (Lam Dong) has just organized a loan trust signing ceremony with political and social organizations in the area.

On the afternoon of July 22, the Dak Nong Social Policy Bank Transaction Office held a signing ceremony for a loan trust contract with 4 political and social organizations in the area, including: Youth Union, Women's Union, Farmers' Association, and Veterans' Association.

Dak Nong Social Policy Bank Transaction Office signed a trust contract with political and social organizations in the area.

According to the agreement, the Dak Nong Social Policy Bank Transaction Office agreed with the entrusting units on 4 important contents. Specifically, the parties coordinate propaganda and mobilization work; inspection and supervision of the activities of the Savings and Credit Group, the Group Management Board and its members; training work; and coordination activities with the entrusting party.

The signing between the People's Credit Fund and the entrusted units will contribute to improving the effectiveness of credit programs, as well as improving credit quality at the grassroots level.

Regarding propaganda and mobilization work, the two sides disseminate the policies of the Party, State and Government on social credit policies to all classes of people.

The parties disseminate credit programs, processes, documents, and procedures for borrowing capital at the Social Policy Bank, and regulations on the operation of the Savings and Credit Group. The parties urge the Management Board of the Savings and Credit Group to fully participate in monthly transactions and meetings...

Representatives of local associations and organizations attended the signing ceremony.

Regarding inspection work, the parties comprehensively supervise the activities of the Savings and Credit Group system and the Savings and Credit Group Management Board. The two parties directly participate in Savings and Credit Group meetings to supervise and direct many contents such as: establishing Savings and Credit Groups, building regulations for Savings and Credit Group activities; meetings to admit group members, consider lending, etc.

Representatives of the Vietnam Fatherland Front in the area proposed that the VBSP and mass organizations further enhance their responsibility in implementing policy credit programs.

Regarding training, every year, the Social Policy Bank coordinates with the entrusting party to organize training for 100% of the Management Board of Savings and Credit Groups on delegation operations, entrustment operations, mechanisms, policies, and new related documents...

Deputy Director of the Lam Dong Social Policy Bank Branch and Director of the Dak Nong Social Policy Bank Transaction Office Nguyen Tien Ha hopes that the entrusted units will coordinate better to improve credit quality at the grassroots level.

Regarding the coordination activities with the entrusting party, the Social Policy Bank advises the People's Committees at the commune and ward levels to develop annual credit plans and effectively implement social policy credit. The two parties organize transactions at transaction points, as well as report on difficulties and obstacles in the implementation process....

The Dak Nong Social Policy Bank Transaction Office currently has an outstanding loan balance of nearly VND450 billion, with 6,820 households receiving loans. The unit is implementing 9 different social policy credit programs. The overdue debt ratio at the Transaction Office currently accounts for 0.03% of the total outstanding loan balance.

Source: https://baolamdong.vn/phong-giao-dich-nhcsxh-dak-nong-va-4-to-chuc-chinh-tri-xa-hoi-ky-ket-uy-thac-cho-vay-383238.html