Tan Hiep People's Credit Fund: Contributing to promoting economic development

Attending the event were Mr. La Huu Nghi - Chairman of the Provincial Cooperative Union, Mr. Truong Van Cu - Chairman of the Board of Directors of Tan Bien Rubber Joint Stock Company, and 118 delegates representing more than 1,900 members of the Fund.

Tan Hiep People's Credit Fund officially came into operation on January 1, 2005, with operations in 3 communes: Tan Hiep, Tan Hoi and Thanh Dong. After 20 years of operation, the Fund has affirmed its business position, gaining the trust of its members and people.

With the motto "Taking the People as the main target to serve", Tan Hiep People's Credit Fund is always dedicated, thoughtful, instructs, and resolves loan and deposit procedures quickly and conveniently for members and customers.

Mr. La Huu Nghi - Chairman of the Provincial Cooperative Union presented certificates of merit to individuals with outstanding contributions to the Fund's activities in 2024 and the 2020-2025 term.

The total operating capital of the Fund as of December 31, 2024 is over VND 270 billion, an increase of VND 73 billion compared to the previous term, reaching 169% of the plan. Of which, mobilized capital as of December 31, 2024 is nearly VND 245 billion, an increase of VND 68 billion, an increase of nearly 39% compared to the previous term; total outstanding loans are over VND 215 billion, an increase of over VND 53 billion.

Business results by the end of 2024 were nearly 3 billion VND in profit, reaching over 122% of the annual plan, up nearly 18% over the same period. During the past term, the Fund did not incur bad debts or overdue debts. Loans from members were used for the right purposes, ensuring credit quality, contributing to promoting economic development in the areas where the Fund operates in particular and the socio-economy in general.

The Congress discussed and voted to approve many important contents on the Fund's business activities such as: charter capital; admission of new members; amendments and supplements to the Fund's Charter; election of the positions of Chairman of the Board of Directors, members of the Board of Directors, Head of the Supervisory Board and members of the Supervisory Board for the 2025-2030 term. At the same time, 33 individuals with outstanding achievements and contributions to the Fund's activities in 2024 and the 2020-2025 term were rewarded.

Thuy Thao

Source: https://baotayninh.vn/quy-tin-dung-nhan-dan-tan-hiep-gop-phan-thuc-day-phat-trien-kinh-te-a189573.html