15,000 households and establishments received loans to develop production.

(Baonghean.vn) - That was the information given at the 47th regular meeting of the Board of Directors of the Social Policy Bank to discuss solutions to improve credit quality for policy beneficiaries in the area, which took place on the afternoon of May 19.

Comrade Le Xuan Dai - Member of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee, Head of the Representative Board chaired the meeting.

Comrade Le Xuan Dai - Vice Chairman of the Provincial People's Committee chaired the meeting.

According to the report, as of March 31, the total capital managed at the Social Policy Bank reached 6,589 billion VND, of which the balance of deposits through savings and loan groups reached 169 billion VND - the highest ever. Total outstanding loans reached 6,579 billion VND, an increase of 123 billion VND compared to the beginning of the year. Some programs have grown quite well such as: Near-poor households, newly escaped poverty households, clean water and environmental sanitation.

In particular, the branch has invested 582 billion VND for nearly 15,000 households and production and business establishments to develop production; over 6,000 households in difficult circumstances have borrowed student loans for their children to go to school. The branch has focused on directing debt collection and settlement, thereby minimizing overdue debt, maintaining stable credit quality, overdue debt as of April 30, 2016 accounted for 0.22%.

Officers of Dien Chau Social Policy Bank disburse capital to Dien Lam people

Concluding the meeting, comrade Le Xuan Dai acknowledged and highly appreciated the achievements of the Board of Directors in the past time; requested that in the coming time, the Board of Directors of the Provincial Social Policy Bank continue to urge the entrusted organizations and savings and loan groups to do a good job of collecting due debts, first of all, collecting overdue debts in the second quarter with over 580 billion VND. In particular, it is necessary to review and reasonably allocate 170 billion VND from the Central budget in the second quarter of 2016.

He also noted that in the coming time, the Board of Directors' representatives need to coordinate and resolutely direct the work of perfecting and improving the quality of the network of savings and loan groups to ensure the effectiveness of capital disbursement activities for policy beneficiaries in the area.

Thu Huyen