Trusted credit under policy banks account for 99% of balance

Representatives of the Board of Directors of Binh Duong provincial Bank for Social Policies (BDVBSP) said that during the operation process, their all levels have coordinated well with the Farmers' Association and the Union of Women at all levels, Veterans Association and Youth Union in the province to carry out entrustment activities and provide loan support to the people.

Representative of the Bank for Social Policy awards capital resource to policy beneficiaries in Tan Hung commune of Bau Bang district

Accordingly, of the total credit balance of over VND 4,252 billion up to now, the total outstanding debt entrusted to socio-political organizations accounts for 99%, reaching over VND 4,218 billion with 82,073 members borrowing from 1,674 savings and loan groups. Based on the content of the agreement, entrusted socio-political organizations at all levels have regularly coordinated with local authorities and BDVBSP to well carry out propaganda and dissemination of the CPV’s guidelines and policies, State social policy credit, credit programs, regulations related to trust activities in many diverse and rich forms, thanks to which, outstanding credit balance is high and credit quality is quite stable.

Reported by Truc Huynh – Translated by Vi Bao