Deputy Director of the Transaction Office of the Social Policy Bank of Chau Phu District, Nguyen Ngoc Thi, said that in the first 4 months of the year, more than 89 billion VND has been disbursed, helping to create jobs for more than 1,111 households from policy credit sources, contributing to the local socio -economic development. Especially, it has actively contributed to the sustainable poverty reduction program. Currently, 15 policy credit programs are being implemented with a total capital of 633,443 billion VND, an increase of more than 40 billion VND over the same period in 2024. Up to this point, the total outstanding debt has reached 594,252 billion VND, with more than 18,000 customers still having outstanding debt. In particular, the programs with large outstanding debt focus on lending to poor households, near-poor households, newly escaped poverty households and lending to create jobs... On average, each year, policy credit capital creates jobs and stable income for nearly 700 local workers.
A typical example is Ms. Nguyen Thi Kim Tuyet (Cai Dau town), who was previously a poor household with a very difficult family situation. Thanks to a loan of 50 million VND from the policy credit program, she was able to invest in small trading at Cai Dau market. “My family is having difficulty with capital to do business, thanks to the policy credit program from the Chau Phu District Social Policy Bank Transaction Office, now I have a stable trading job, my family life is more comfortable, while selling I also save money to buy more goods, expand my business, and develop my family economy” - Ms. Tuyet shared.
Ms. Nguyen Thi Ngoc Giau (a broom maker in Binh My commune) said that before, her family raised ducks, but after the bird flu outbreak, all the ducks had to be destroyed, and the family's capital was gone. Her family had to borrow money from a commercial bank to make a living by making brooms. Due to the high interest rate, the money earned was only enough to pay the bank and partly to take care of the children, so the family's economy was often in short supply. In 2023, thanks to the introduction of the Women's Union to borrow money from the Chau Phu District Social Policy Bank Transaction Office, seeing the preferential interest rate, her family borrowed 40 million VND to both expand capital to buy raw materials to make brooms and invest in a sound system for wedding rentals, helping to create better conditions for family economic development. “Thanks to the low interest rate and generous repayment period, my family can now pay interest and save money to gradually pay off the principal to the bank, still having some capital left over to cover family expenses,” Ms. Giau shared.
Or the case of Ms. Phan Thi Kim Thoa (Cai Dau town), in 2024, she was able to borrow 100 million VND from the loan program to support employment, maintain and expand employment. From this capital, she invested in expanding her fresh flower business at Cai Dau market. Thanks to that, she has a stable income, gradually improving her family's life. "Previously, I borrowed money from outside at very high interest rates, so business was very difficult. Thanks to the District Social Policy Bank Transaction Office, I was able to borrow credit capital to continue my business without having to pay high interest. Currently, my flower business is developing, I can take care of my 2 children's education" - Ms. Thoa shared.
Deputy Director of the Transaction Office of the Social Policy Bank of Chau Phu District, Nguyen Ngoc Thi, said that in the coming time, the unit will continue to focus policy credit capital on specific economic sectors and industries of the locality. Promote the effective implementation of credit programs, striving to successfully complete the assigned planning targets. At the same time, coordinate with local authorities to increase capital to people to meet local production and business needs. Strengthen inspection and supervision to improve the quality of policy credit. Focus on promoting digital transformation in policy credit management to serve people better and better. Typically, the bank will coordinate with local authorities in mobilizing people to pay principal and interest through the bank's smartphone applications, moving towards not using cash in transactions with the bank.
The preferential credit policy capital has been deployed to the right subjects and used for the right purposes, and is being effective, helping many poor and near-poor households in economic development, job creation, and life stabilization. Thanks to that, the poverty rate of Chau Phu district has decreased year by year, and people's lives have been improved. Along with other policies of the Party and the State, the preferential credit policy of the Vietnam Bank for Social Policies has made an important contribution to the national target program on new rural construction, promoting the local socio-economic development.
Source: https://baoangiang.com.vn/hieu-qua-tu-cac-chuong-trinh-tin-dung-chinh-sach-xa-hoi-a422226.html
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