"A bridge" to help people realize their dreams of escaping poverty.

Policy credit flows, carrying a noble mission, have been and are finding their way to the right places.

>> The Social Policy Bank, Yen Bai Provincial Branch, effectively promotes savings and loan groups.

>> Tran Yen effectively promotes savings and loan groups

>> Maintain the network of savings and loan groups

Yen Bai province is stepping up the implementation of policy credit management applications.

The Savings and Credit Group model is a close and dedicated collaboration between the Vietnam Bank for Social Policies (VBSP) and four socio- political organizations: the Women's Union, the Farmers' Association, the Veterans' Association, and the Youth Union. This is not simply a channel for capital flow, but truly an "extended arm" that ensures policy capital reaches the right recipients quickly and effectively, especially in the unique mountainous context of Yen Bai province.

Through a widespread network of community organizations, preferential credit policies are disseminated in an easily understandable and accessible way to every citizen. They receive thorough guidance on loan procedures, effective use of capital, and the importance of repayment, saving, and accumulation. Furthermore, savings and loan groups play a crucial role in monitoring and supporting the process, ensuring that funds reach those who need them, are used for the right purposes, and bring tangible economic benefits to each household.

Currently, the province has 2,323 savings and loan groups operating in 629 commune-level organizations, managing outstanding loans for 86,871 poor households and policy beneficiaries. By the end of the first quarter of 2025, the network of savings and loan groups in the province had managed a total entrusted loan balance of VND 5,625.5 billion through 4 organizations, an increase of VND 147.6 billion compared to the beginning of the year.

Post-disbursement inspection and monitoring were carried out rigorously, with 30,606 households borrowing a total of 1,800 billion VND undergoing regular or unscheduled inspections during the same period.

Training for the management boards of savings and loan groups has always been a priority, with 4,333 people participating in the first quarter of 2025, achieving 93% of the plan. As a result, the overdue loan rate is very low (approximately 0.05% of the total outstanding loan balance). This is vivid evidence of the sustainable credit quality and effective management of the trust model through socio-political organizations.

The capital from the grassroots credit program has truly become a lever to promote the economic development of households. A typical example is Mr. Thào A Trừ in Sán Trá village, Bản Công commune, Trạm Tấu district. In 2020, he borrowed capital through the Savings and Credit Group of the Veterans Association of the commune and invested in buffalo farming. To date, his family owns 4 buffaloes along with pigs and chickens of various kinds; his family income reaches over 70 million VND per year, and his house is now spacious and well-equipped. Mr. Thào A Trừ's story is one of tens of thousands of examples demonstrating the effectiveness of grassroots credit.

The Savings and Credit Group model also contributes to strongly spreading the awareness of saving in the community. Nearly 100% of members (86,012 people) participate in regular monthly savings through the Savings and Credit Group. This savings not only creates a useful "reserve fund" when needed, but also cultivates financial discipline among people and strengthens their confidence in the policies of the Party and the State. The Savings and Credit Group model also connects households engaged in economic activities, creating opportunities for community life, sharing experiences, and progressing together.

Mr. Do Long Thao, Deputy Director of the Provincial Branch of the Vietnam Bank for Social Policies, affirmed: "The model of savings and loan groups through entrustment is an innovative approach that is practical and particularly effective in mountainous areas and areas inhabited by ethnic minorities. Savings and loan groups not only perform financial tasks but also serve as community institutions, building trust, responsibility, and solidarity among the people. With the strong determination of relevant agencies, socio-political organizations, and the Vietnam Bank for Social Policies system, this model is constantly being strengthened and improved.”

The "bridge" named the Savings and Credit Group (TK&VV) continues to spread, deeply penetrating the dreams of change for the poor. The TK&VV model has transcended its role as a mere financial tool, becoming a humane community institution that ignites hope and helps the poor confidently embark on a sustainable journey out of poverty, striving to achieve a prosperous and happy life.

In the first quarter, the Yen Bai branch of the Vietnam Bank for Social Policies (VBSP) organized 514 transaction sessions at the commune level; and implemented a commune-level credit management application, significantly shortening transaction times (an average of 40-60 minutes per session at 100% of the Savings and Credit Groups). The VBSP staff, especially the heads of the Savings and Credit Groups and core members of the four affiliated organizations, are always dedicated to closely monitoring the local area, understanding each individual's circumstances and life story, helping the poor to confidently strive for a prosperous and happy life.

Van Thong

Source: https://baoyenbai.com.vn/12/349996/Cau-noi-chap-canh-uoc-mo-thoat-ngheo.aspx