Contribute to repelling black credit

Diversifying credit product packages, convenient banking services, not letting people lack capital to invest in production development... Agribank Son La increases access to bank credit capital, so that customers can benefit from policy credit programs, contributing to pushing back the situation of black credit.

Customers make transactions via Agribank E-Mobile Banking application.

Mr. Pham Van Bang, Director of Agribank Son La , said: Currently, the form of black credit still exists and is increasingly diverse and sophisticated with simple loan procedures and many underground transactions. In addition, many black credit lines hide under the guise of financial companies, phone applications, using social networks Zalo, Facebook to post loan advertisements to attract people in need of capital. This activity gives rise to many consequences, causing increased criminality, causing danger, disorder, and social insecurity...

In that situation, Agribank Son La actively implemented many credit policies, effectively implementing credit policies according to Decree 55/2015/CP of the Government; preferential interest rate credit programs, including: Social housing loans according to Resolution 33/NQ-CP of the Government, preferential loans for officials receiving salaries from the state budget; preferential consumer loans for officials, workers and employees in the health sector; preferential credit for large enterprise customers, small and medium enterprises, enterprises investing in projects in 5 key industries; interest rate support program from the state budget according to Decree 31/2022/ND-CP dated May 20, 2022 of the Government... Up to now, the total capital has reached over 10,560 billion VND, the total outstanding debt is over 16,400 billion VND; Over 43,000 customers have access to preferential capital to invest in production and business, helping farmers have capital for production.

In addition, to help people in remote areas easily access loans and modern banking products and services, the Agribank Son La network covers all areas of the province, with 1 headquarters, 10 type II branches, 11 affiliated transaction offices; established nearly 1,000 loan groups; maintained 45 regular transaction points, 3 specialized cars for mobile transactions in commune centers and commune clusters, 29 ATMs/CDMs, 1 digital bank, 105 POS, over 5,670 points accepting payment by VietQR code in the whole province. Agribank's e-banking services meet customers' needs in online money transfer and receipt transactions, bill payment, shopping, etc.

Encouraging customers to make cashless payments, Agribank Son La has actively promoted and guided customers to use digital banking services and overdraft cards to support people in accessing loans, contributing significantly to pushing back black credit in rural areas.

Mr. Quang Van Thanh, Hua La commune, Son La city, shared: Experiencing the new and modern features of Agribank Digital, all transactions are automated, with fast processing speed, I can perform a number of banking services, especially I can register for a loan request at any time instead of having to go to the bank and wait in line like before, making it easier for me to access bank capital.

Since January 2019, Agribank Son La has implemented a consumer credit program for individual customers and households. This is a service product that helps customers borrow up to 30 million VND, used for legal, urgent consumption purposes in a short period of time such as buying supplies, paying for education, and medical treatment. All procedures and loan disbursements are carried out on the same day, helping people have capital to cover urgent needs in life without having to resort to black credit.

Mr. Pham Van Bang affirmed: Agribank's capital has been transmitted to all customers in need. The unit prioritizes improving lending processes and methods, reducing costs and expanding credit investment for agriculture, farmers and rural areas, simplifying procedures; coordinating with local authorities to remove difficulties and obstacles regarding loan limits, repayment terms, mortgaged assets... so that customers can access and use capital and banking services in transactions and payments.

It can be seen that Agribank Son La credit capital helps people and businesses boldly borrow capital to invest in production and business. In addition, the unit coordinates with local party committees, authorities, and organizations to help borrowers use capital for the right purpose and effectively.

Article and photos: Huy Thanh

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