Nam Thanh commune completed the reconciliation and classification of policy credit debt.

The People's Committee of Nam Thanh commune (Lam Dong) said that up to now, the locality has completed 100% of the plan to compare, classify debts and evaluate the debt repayment capacity of 3,295 households borrowing capital from the Duc Linh Bank for Social Policies (BSP).

On November 12, Nam Thanh Commune People's Committee held a conference to summarize the work of debt comparison, classification and assessment of the ability to repay policy credit in 2025.

The commune has established a Steering Committee to compare, classify debts and supplement the deposit accounts of group members and borrowers in the area. The Steering Committee coordinated with the Duc Linh Social Policy Bank to organize and complete the debt comparison and classification on schedule.

Nam Thanh Commune evaluates debt classification comparison results

The results show that the total outstanding debt at the time of reconciliation reached 156.1 billion VND. Of which, recoverable debt (through direct reconciliation and phone) accounted for the majority, with more than 155.8 billion VND/4,301 loans. Unrecoverable debt due to objective reasons and pending settlement was 279.09 million VND/13 loans/10 borrowers.

Reward members who do a good job of debt classification and reconciliation

Through review, there are 6 borrowers who are unable to collect their debts due to objective reasons such as old age, loneliness, accidents, illness, fire, etc. with a total outstanding debt of 217.09 million VND. In addition, 4 customers are in the debt group that are unable to collect due to subjective reasons, such as misuse of capital, business losses or leaving the place of residence, with a total amount of 62 million VND.

Mr. Doan Cong Hoa, Chairman of Nam Thanh Commune People's Committee, Head of the Steering Committee for debt comparison and classification in 2025, said: after completing the comparison work, the commune has developed specific solutions to handle debt by group.

For recoverable debts, the Commune People's Committee assigns the entrusted socio- political organizations, Party Cells, Village Executive Boards and Savings & Loan Groups to coordinate with the Social Policy Bank to monitor and urge collection when due.

For debts that are irrecoverable due to objective reasons, the entrusted organizations and the Head of the Savings and Credit Group will coordinate with the Social Policy Bank and relevant sectors to complete the application file for handling risky debts (phase 2/2025).

In cases of debt due to subjective reasons, the Commune Police will coordinate with the Social Policy Bank and relevant agencies to continue to check the relatives, assets, and new residential address of the borrower. Once the specific information is verified, the Commune People's Committee will send a document to the Social Policy Bank to request relevant units to support debt collection according to regulations.

Source: https://baolamdong.vn/xa-nam-thanh-hoan-thanh-doi-chieu-phan-loai-no-tin-dung-chinh-sach-402467.html