Quang Ninh: More than 1,000 people receive preferential loans

(QBĐT) - Since the beginning of the year, through the capital of the Social Policy Bank Transaction Office (SPB) of Quang Ninh district, more than 1,000 people have proactively borrowed capital to develop the economy and increase income.

Many households in Ploang village, Truong Son commune borrowed capital to develop a cow breeding model, bringing in stable income.

By the end of March 2025, loan turnover at the People's Credit Fund transaction office in Quang Ninh district reached over 59 billion VND, an increase of over 12 billion VND over the same period last year, with 1,000 households borrowing.

Director of the Social Policy Bank Branch in Quang Ninh District, Nguyen Tuan Ngoc, said that the unit has focused on exploiting central and local resources to promptly meet the production and business loan needs of poor households and other policy beneficiaries, especially poor and near-poor households in remote areas and ethnic minority areas.

The district's Social Policy Bank Transaction Office has also closely coordinated with all levels, sectors, political and social organizations to deploy solutions, promptly bring policy credit capital to the right beneficiaries, contributing to poverty reduction and ensuring social security in the district.

By the end of March 2025, the total outstanding debt of the Social Policy Bank of Quang Ninh district reached nearly 594 billion VND, an increase of more than 8 billion VND compared to the beginning of the year, with 8,518 households still having outstanding debt, an average outstanding debt of 69.7 million VND/household. Of which, outstanding debt from the central budget was over 564 billion VND, outstanding debt from the local budget was over 29.8 billion VND.

In the coming time, in order for credit loans to be effective, the district branch of the Vietnam Bank for Social Policies will make the most of capital from the Central Government to boost credit growth; continue to review and grasp beneficiaries and loan needs to be proactive in loan implementation. In addition, the unit will seriously carry out loan evaluation to ensure the right borrowers.

Lan Chi

Source: https://baoquangbinh.vn/kinh-te/202505/quang-ninh-hon-1000-nguoi-dan-duoc-vay-von-uu-dai-2226093/