After more than 20 years of implementing preferential policy credits for the poor and other policy beneficiaries according to Decree No. 78/2002/ND-CP of the Government in the mountainous district of Bac Ai, helping the poor and policy beneficiaries get jobs, gradually stabilize their lives, contributing to narrowing the gap between rich and poor in localities.
Ma Hoa village, formerly a poor core area of Phuoc Dai commune, but now the appearance of the village has changed a lot, new and spacious houses are increasing. Having the above appearance has a significant contribution from the loan capital of the Bank for Social Policies (VBSP). Mrs. Katr Thi Nanh's family is one of the first households in the village to boldly borrow from VBSP for economic development. Initially, she borrowed 20 million VND to raise cows. After more than 7 years of raising cows, her family has paid off all bank debts, repaired the house and bought household items. At the same time, she also developed a herd of 9 cows. Ms. Nah was excited and said: Before, the family belonged to a poor household in the village, the economy was very difficult. Thanks to the loan from VBSP, the family economy has grown more and more. Like Ms. Nah's family, in the past, Mrs. Kadá Thi Dém's family economy in Nui Ray village, Phuoc Chinh commune was very difficult, the economy only relied on 5 sao of swiss land to produce one crop in the rainy season, so the income was unstable. sick. In 2017, Ms. Dem was facilitated by the Commune Women's Union to borrow 20 million VND from the VBSP to buy cows for breeding. Thanks to his hard work, after nearly 4 years, he paid off all debts to the bank and developed 4 cows to develop the family economy.
Thanks to the loan from the Bank for Social Policies, many households in Bac Ai district have conditions
family economic development.
There are more and more cases of borrowing from VBSP to develop the family economy like Ms. Nah and Ms. Dem in the mountainous district of Bac Ai. The story of borrowing money about "hanging the kitchen" in ethnic minority areas no longer exists, people now know how to change their way of thinking and doing. People with less experience can borrow money to buy 1 to 2 cows, people with more experience can buy 3 to 5 cows to develop livestock. Saving groups with preferential loans from VBSP also admit more members, and the loan balance next year is higher than the previous year. Over 20 years of implementing preferential credit under Decree No. 78/2002/ND-CP in Bac Ai district, it has helped more than 2.000 poor households to escape poverty sustainably. Public credit funds are invested in 100% of communes, creating favorable conditions for the poor and other policy beneficiaries to access preferential capital from the Government in a convenient and timely manner. Total outstanding loans through 17 credit programs reached over 221 billion VND, the number of households receiving preferential treatment was over 5.350 households with 6.461 loans, accounting for over 67,7% of households in the area. Thereby, contributing to the well implementation of poverty reduction, job creation and new rural construction in the district, helping to reduce the average annual poverty rate of 5,9%. Poor households now no longer rely on the support of the State, but actively borrow capital to develop production and livestock to get out of poverty sustainably.
Mr. Tran Huu Quan, Deputy Director of the Transaction Office of VBSP in Bac Ai district said: Credit programs support loans from VBSP under Decree No. 78/2002/ND-CP on credit for the poor and other beneficiaries. Other social policy objects through associations and mass organizations in Bac Ai district have contributed to promoting socio-economic development in the locality, creating high productivity and efficiency, especially in the restructuring of trees. Planting and raising livestock from plants and animals with low efficiency to planting trees and raising children with higher economic efficiency. In the coming time, the unit will continue to advise the District Party Committee, the District People's Committee and the Board of Directors to advise and implement well Directive No. 40-CT/TW of the Secretariat on strengthening the Party's leadership in Social credit, creating motivation for people to develop their family economy, fully and promptly meeting capital sources for poor households, near-poor households and policy beneficiaries with conditions to develop production and livestock raising, contributing to reduce the poverty rate of the locality; diversified forms of propaganda to help people and at all levels and sectors fully grasp the guidelines and policies of the Party and State regarding the lending program of VBSP; urge the complete recovery of due debts and overdue debts. Striving to increase the average loan balance from 7-10% annually, the interest collection rate will reach over 99%, the capital efficiency will reach 98%, the bad debt ratio will be less than 0,5%; ensure the quality of operation of savings and loan groups to timely and effectively convey the quality of public credit funds to beneficiaries... At the same time, mobilize people to use loans effectively. from VBSP to develop the economy, stabilize life, and rise out of poverty sustainably. Since then, contributing to the well implementation of social security work, poverty reduction program, ensuring the effective implementation of economic development goals in the locality.
Kha Han
