Thang Binh strives to achieve policy credit balance of over 1,000 billion VND

In the first quarter of 2025, the total outstanding policy credit balance in Thang Binh district will reach nearly 990 billion VND. Photo: LAM KHUE

Mr. Tran Quoc Tuan - Director of the Transaction Office of the Social Policy Bank of Thang Binh district said that the total outstanding debt of 16 policy credit programs in the district implemented by April 30, 2025 reached 989.9 billion VND, accounting for over 11% of the total outstanding debt of the province, an increase of more than 40.8 billion VND compared to the end of 2024; growth rate of 4.3%, reaching 100% of the assigned plan.

Some credit programs have high outstanding debt, such as loans for near-poor households (over 461.6 billion VND), loans for job creation (over 173 billion VND), loans for clean water and rural environmental sanitation (over 128.4 billion VND). Overdue debt is 491 million VND, accounting for 0.05% of total outstanding debt.

More than 16,800 households have access to policy capital. Photo: LAM KHUE

The total outstanding loan balance entrusted through 4 unions with 375 Savings and Loan Groups reached over 987.7 billion VND, resolving loans for more than 16,800 households, the outstanding loan balance reached 99.57% of the total outstanding loan balance. Loan turnover in the first 4 months of the year reached over 108.6 billion VND, debt collection was nearly 68 billion VND. Interest revenue was over 23.6 billion VND, reaching 100% of receivable interest. Mobilizing savings deposits through savings and loan groups and through residential organizations increased by 3.1 billion VND compared to the end of 2024.

Policy credit capital has motivated poor households, near-poor households and policy beneficiaries in Thang Binh district to invest in production, develop livestock, export labor, create jobs, contribute to increasing income, improving the lives of borrowers, and developing the local economy .

Thang Binh youth have access to policy capital to invest in machinery and develop production. Photo: LAM KHUE

The assessment results of the quality of operations in the first quarter of 2025 of the Transaction Office of the Social Policy Bank of Thang Binh district were ranked as good with 99.8 points, ranking 3rd in the province. All 20 commune-level localities in the district were ranked as good, of which 14 communes were ranked at 99.5 points or higher. The average outstanding debt is more than 48 billion VND/commune.

In the coming time, the Transaction Office of the Social Policy Bank of Thang Binh district will continue to closely follow the task targets, focus on disbursement records of assigned capital sources, and strive to achieve a total outstanding debt of over 1,000 billion VND before June 30, 2025.

Source: https://baoquangnam.vn/thang-binh-phan-dau-dat-du-no-tin-dung-chinh-sach-hon-1-000-ty-dong-3155369.html