(HBO) – Da Bac district has carried out 14 preferential credit programmes with total outstanding loans of more than 350 billion VND (15 million USD). As many as 9,634 clients were provided with the loans.

The quality of credit has been improved, and overdue loans account for only 0.06 percent of the total outstanding loans.

Since the outset of the year, over 80 billion VND worth of loans was provided for 2,174 customers, according to the transaction office of the Vietnam Bank for Social Policies’ chapter in Da Bac district. The office has recovered over 50 billion VND in debt, and cleared bad debts worth 60 million VND.

The district is now having 243 savings and lending groups with 9,532 members. Each commune has an average of 12 groups and 40 members.

In the past years, the Vietnam Bank for Social Policies have accompanied local farmers, helping them enhance incomes and improve livelihoods. The preferential loans have made significant contributions to carrying out the national target on sustainable poverty alleviation and ensuring social welfare in the district./.


 


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