Many households in Thieu Duy commune have received loans from Duy Thanh People's Credit Fund (Thieu Hoa) to effectively invest in economic development.
QTDND Thieu Vien (Thieu Hoa) is one of the funds operating effectively, creating conditions for members to borrow capital to develop production and business effectively. Currently, the fund has a total operating capital of more than 160 billion VND; the fund's outstanding loans reach nearly 135 billion VND. QTDND Thieu Vien always meets the borrowing needs of eligible members with the main purpose of borrowing in the fields of trade, services, construction, and consumption. Many members of the fund have invested effectively after borrowing capital, their lives have improved significantly, contributing positively to raising the income criteria of the locality. Along with that, QTDND Thieu Vien also promotes digital transformation, applying information technology to operations in line with modern technology trends. Currently, the fund has fully equipped POS card readers to serve customers to open payment accounts and withdraw money at the counter; constantly improving the quality of dedicated service, convenient for members and customers to transact.
Mr. Nguyen Kim Phu, Chairman of the Board of Directors of Thieu Vien People's Credit Fund, shared: “Such results are thanks to the attention, direction, professional guidance and regular management of the State Bank - Thanh Hoa Provincial Branch (now the State Bank Region 7); the capital support of the Cooperative Bank - Thanh Hoa Provincial Branch and the timely direction of the Provincial Cooperative Union. Along with that are the continuous efforts, solidarity and unity of the fund's leadership, officers and employees and the effective contributions of members and customers. We always identify customers as the center, focus on mobilizing idle capital, investing in customers to develop the economy, contributing to building new rural areas and improving new rural areas”.
The People's Credit Fund system in the province has made great strides, gradually affirming its role and position in the new cooperative economic model, as a channel to provide capital for members and farming households, thereby contributing to production development, job creation, income and improving the lives of members; supporting hunger eradication, poverty reduction, limiting the situation of "black credit"...
In order to create favorable conditions to serve the needs of borrowing, saving, and creating trust among members and customers, the QTDND system constantly innovates its service style, enhances credit activities... Members and customers who come to deposit money and borrow capital at the funds are always facilitated and resolved promptly with the spirit of "the work is done, not the time is up"; loan procedures are quick and simple, within one session or one day, members receive the full loan according to their needs; loan interest rates are guaranteed to be equal to those of commercial banks in the area at the same time; thanks to that, the number of customers participating in depositing money and borrowing capital is maintained and developed, the amount of money mobilized and deposited at the funds is increasing. According to statistics of the Provincial Cooperative Union, as of early June 2025, the whole province has 67 QTDND, of which 64 QTDND are operating effectively, 3 funds operating ineffectively are placed under special control; The total number of QTDND members is 124,650 members. The total operating capital is about 9,300 billion VND; outstanding credit is nearly 6,300 billion VND. The average revenue of each QTDND is nearly 6.3 billion VND/year, the average profit is 639 million VND/year, the average income of a regular worker is about 110 million VND/year.
Mr. Le Hong Hai, Vice Chairman of the Provincial Cooperative Union, said: “The People's Credit Union is the most effective model among the cooperatives in the province. Many People's Credit Unions have large assets, such as Dinh Tuong People's Credit Union, Quy Loc People's Credit Union (Yen Dinh), Nga Thanh People's Credit Union (Nga Son), Ngu Loc People's Credit Union (Hau Loc)... With dynamism, creativity, and quick procedures, the activities of People's Credit Unions are increasingly creating trust and prestige with members, attracting customers. The People's Credit Union system is an effective channel to support loans for members, contributing positively to the economic and labor restructuring, creating jobs for local people, sustainable poverty reduction, limiting black credit lending, stabilizing order, and ensuring social security.
Article and photos: Minh Ha
Source: https://baothanhhoa.vn/gop-phan-khang-dinh-vai-tro-cua-htx-kieu-moi-250593.htm
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