Over the first 4 months of 2020, to improve credit quality, provincial branch of Social Policy Bank collaborated with socio-political organizations as loan trustees to regularly review, appraise, check the provision of loans for the right borrowers, the right purposes, and to disburse timely. Thus, the situation of appropriated debts tends to decline much compared to the beginning of the year; The percentage of overdue debts also decreased sharply, by VND 4.872 billion, accounting for 0.17% of total debt (the allowed rate is below 3%).
In the second quarter 2020, the provincial Social Policy Bank branch continues to carry out inspection and supervision programs; to be open and transparency in mechanisms and credit policies in order for people, especially poor households and other policy beneficiaries, to understand the purpose, preferential credit policy of each program and the loan repayment responsibility. To communes, wards, towns, associations, savings groups having overdue debts, and high accrued interests, provincial Social Policy Bank branch will work directly with local leaders to have effective solutions to recover debts.
Reported by Thanh Hong - Translated by Ngoc Huynh
