Bringing policies to ethnic minorities

Preferential capital has contributed to helping people have more conditions to develop production, improve livelihoods, and aim at sustainable poverty reduction.

Promote loans for production for ethnic minority households

In village 3, Bao Lam 5 commune, Mr. K'Drim's family is one of the typical households using loan capital effectively. Thanks to a loan of 90 million VND from the job creation credit program, he boldly invested in buying raw materials to maintain and expand the traditional hand-weaving craft of the K'Ho ethnic group.

Mr. K'Drim said: "Without the loan from the Policy Bank, my family would have found it difficult to maintain the traditional profession left by my grandparents. With the capital, I bought raw materials, invested in machinery and hired a few more workers in the village. Thanks to that, we have a stable income every month, life is less difficult."

Thanks to policy loans, Mr. K'Drim has boldly invested in purchasing raw materials to maintain and expand the traditional hand-weaving craft of the K'Ho ethnic group.

Thanks to policy loans, many households in Bao Lam 5 commune have gradually escaped poverty and developed their economy. A typical example is Mr. K'Bui Thanh Nha in Hang Ka Loc Bao village - a former soldier. After completing his military service, he returned to his hometown with the desire to start a business on his land. With a loan of 100 million VND from the job creation support loan program, he boldly bought high-yield grafted durian and coffee varieties for intercropping.

Mr. Nha shared: When I was newly discharged from the army, I did not have much capital and no production experience. With preferential loans from the Policy Bank, I was able to buy good seeds and learn plant care techniques. Up to now, the garden has grown well, gradually bringing a stable income to the family.

From policy capital, Mr. K'Bui Thanh Nha has boldly invested in developing high-yield durian and grafted coffee areas for intercropping.

Policy credit capital has really helped ethnic minorities in Bao Lam 5 commune to confidently develop their economy . Many households that used to face difficulties now have the conditions to invest in production, escape poverty and gradually become rich in their homeland.

Strengthen coordination to ensure capital reaches the right beneficiaries

Ms. Truong Thi Le Phuong, Director of Bao Lam Social Policy Bank Transaction Office, said that the unit always identifies bringing preferential credit capital to the right subjects as a key task.

In particular, implementing preferential credit policies according to the National Target Program on Socio-Economic Development in Ethnic Minority and Mountainous Areas for the 2021-2030 period, the unit has proactively coordinated with commune authorities and socio- political organizations to review and compile a list of households eligible for loans, ensuring publicity, transparency and the right subjects.

Not only focusing on disbursement, Bao Lam Social Policy Bank Transaction Office also regularly coordinates with the People's Committee, the Fatherland Front Committee and commune-level mass organizations to organize policy propaganda and guide people on how to use capital effectively. At the same time, savings and loan groups are also strengthened to ensure proper operation.

Along with that, mass organizations regularly participate in meetings, witness loan reviews and disbursements, and check the use of capital 30 days after disbursement to limit risks and improve credit efficiency.

For example, in Bao Lam 5 commune, a locality with a high rate of ethnic minority households borrowing policy loans. According to statistics, as of October 23, 2025, the total outstanding debt in the commune has reached 125,556 million VND, with 1,542 customers still in debt.

The rate of overdue debt and debt restructuring is low, only 0.12%, showing stable credit quality and capital flow is used for the right purpose. The whole commune currently has 31 savings and loan groups operating effectively, contributing to raising awareness of saving, debt repayment and loan management in the community.

Bao Lam Social Policy Bank Transaction Office coordinates with mass organizations and local authorities to promote preferential loan programs for local subjects.

The capital entrusted by socio-political organizations continues to be effective, helping people to access capital quickly, conveniently, and without interruption. Many production models, small businesses, farming, livestock farming, etc. have brought stable income, contributing to changing the face of rural areas in ethnic minority areas.

From the implementation, it can be seen that the policy credit programs have really played the role of "economic lever" for ethnic minority areas. Preferential loans not only help people have means of production but also create conditions for people to access knowledge, apply science and technology, change business thinking, gradually shift from self-sufficient production to commodity development.

Many households that have borrowed capital have boldly applied models of grafted coffee planting, intercropping durian, growing medicinal plants or developing livestock in a sustainable way. Some households have become good producers and traders, spreading the spirit of progress in ethnic minority communities.

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In the coming time, the unit will continue to coordinate with mass organizations and local authorities to promote the promotion of preferential loan programs. At the same time, carefully review ethnic minority households in need, guide them to prepare loan applications, use capital for the right purpose to develop production and increase income.
Ms. Truong Thi Le Phuong, Director of Bao Lam Social Policy Bank Transaction Office

Not only stopping at lending, the bank's credit officers also regularly go down to the villages to grasp the situation, provide technical support and encourage people in the production process. It is this approach of working close to the people that has helped the preferential credit policy truly come into life.

With its effectiveness, the social policy credit program in Bao Lam is actively contributing to poverty reduction, new rural construction and socio-economic development in ethnic minority areas.

Source: https://baolamdong.vn/dua-chinh-sach-den-voi-dong-bao-dan-toc-thieu-so-398592.html