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In the first seven months of 2020, Phu Hoa People’s Credit Fund worked very stably with total capital reaching nearly VND275billion, total outstanding loans at nearly VND153billion and bad debts at VND191million.

The fund also handled the demand for loans from 575 members, promoting their production-business activities during the period. So far, the fund has created favorable conditions for members without assets to get access to loans for economic development. This has helped the fund absorb more members. Currently, it has a total of 1,730 members…

Reported by Thanh Hong-Translated by K.T