Moc Chau Farm town people’s credit fund maintains top position in Vietnam

The people's credit fund of Moc Chau Farm town, Moc Chau district on January 17 held a meeting reviewing its performance in 2023 and launching tasks for 2024.

The people's credit fund of Moc Chau Farm town rewards outstanding members in 2023

In 2023, the people's credit fund of Moc Chau Farm town maintained its growth rate. Its total operating capital reached 1,314 billion VND (53.55 million USD), including 1,172 billion VND worth of deposits, 102 billion VND of equity, and 1,057 billion VND of outstanding loans. Overdue debt accounted for 0.06% of total outstanding loans.

Loans helped people with purchasing machinery and equipment and investing in agricultural production, such as raising dairy cows, growing tea and plums, and developing business services.

The fund maintained the leading position among 1,200 people's credit funds nationwide, playing an important role in reducing loan-sharking, contributing to creating jobs for people, and helping members have capital to develop production and business.

In 2024, the Moc Chau Farm town people's credit fund strives for 200 new members and 2-3% in mobilization and lending growth rates. It aims to fully implement policies for employees according to legal provisions, ensuring its safe, effective and legal operations.

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