Support fund for collective economic development upholds efficiency

According to provincial Cooperative Alliance, the Management Council of the Collective Economic Development Support Fund approved loan applications of 6 members (including 4 cooperatives, 2 cooperative members) and disbursed more than VND 9.1 billion, bringing the total outstanding loan of more than VND 60.6 billion in the first quarter of 2022. In addition, the Fund Management Council also gave guidance to 10 documents that need to borrow capital at the fund.

In the second quarter, provincial Cooperative Alliance will further organize a conference for customers to propagandize, advise and guide cooperatives to set up loan procedures from the Collective Economic Development Fund; organize loan appraisal and approval. It is expected that disbursement capital is VND 2.7 billion for cooperatives that have completed loan procedures.

Reported by T.Hanh-Translated by Kim Tin