A solid foundation for people to borrow capital to develop production and business

Constantly innovating, improving service quality, ensuring safe and effective operations, Tu Trung People's Credit Fund (TDND) in Vinh Tuong commune has become a solid capital support, accompanying people in developing production and business, contributing to promoting socio-economic growth in the area.

Tu Trung People's Credit Fund staff guides customers to complete loan procedures.

Tu Trung People's Credit Fund officially came into operation in January 1994. In the early days of its establishment, despite difficulties in terms of facilities and working conditions, with a team of well-trained and experienced leaders and staff, the fund quickly built trust among the people, gradually overcoming the fear caused by the collapse of the previous credit cooperative.

With a spirit of solidarity and high determination, the fund effectively implemented propaganda work, directly reaching each family and each village to mobilize people to participate, expand membership, mobilize capital, build prestige and trust. From only 20 members, with nearly 100 million VND in initial operating capital, the fund has now developed with 1,100 members; charter capital reaching 8.9 billion VND. As of June 30, 2025, the total operating capital of the fund reached nearly 200 billion VND; outstanding loans of more than 140 billion VND. Loans focus on local strengths such as: Agriculture , trade, services, construction and consumption..., helping many households expand production and increase income.

Customers transact at Tu Trung People's Credit Fund.

Currently, the fund has 9 officers and employees, 100% of whom have university degrees and are all party members. Identifying professional ethics as the top factor, the fund always focuses on improving professional capacity, strictly complying with legal regulations, ensuring safety in all activities. The work of checking and supervising loans is carried out strictly and in accordance with procedures. In particular, keeping up with the digital transformation trend in the finance - banking sector, since 2020, the fund has equipped modern equipment, supporting customers to open payment accounts and withdraw money at the counter for free, gradually modernizing services, improving the experience of members and customers.

One of the important solutions that the Board of Directors and the Board of Management pay special attention to is expanding credit activities, lending to the right subjects; ensuring that capital is used effectively and for the right purposes. The lending process has been improved, shortening disbursement time, reducing travel costs, creating favorable conditions for people. In addition to business activities, the fund actively participates in social security activities, supporting the Fund for the Poor, supporting students who overcome difficulties to study well at all three levels, participating in humanitarian and charity programs with an amount of hundreds of millions of VND each year.

Mr. Nguyen Van Ha, Chairman of the Board of Directors of Tu Trung People's Credit Fund, Vinh Tuong Commune, said: "With a favorable operating location, through each stage of development, the fund has a strategy to develop its brand, create trust and prestige with depositors and loan members. Thanks to actively innovating, improving the quality of operations, accompanying and sharing difficulties with members, the fund has become a trusted address to help local people have conditions to develop the economy . That also demonstrates the solidarity and consensus of the staff, the support of members and customers, and the timely direction and support of the banking industry and local authorities".

In the coming time, Tu Trung People's Credit Fund will continue to focus on customers, linking the improvement of service quality with the development of modern banking products; maintaining reasonable interest rates, saving costs. In particular, the fund will promote local capital mobilization, improve credit quality, strengthen the trust of depositors, and at the same time hope that the competent authorities and local governments will allow the expansion of the area of operation after the merger, creating conditions to better serve the needs of production and business development of the people, contributing to increasing mutual support for members, reducing the situation of usury, promoting sustainable local socio-economic development.

Thanh Nga

Source: https://baophutho.vn/diem-tua-vung-chac-cho-nguoi-dan-vay-von-phat-trien-san-xuat-kinh-doanh-237957.htm