The coordinated involvement of the grassroots political system.
Most recently, in October 2025, the People's Committee of Yen Hoa Ward, in coordination with the Social Policy Bank (NHCSXH), organized a training conference on professional skills and the implementation of loan policies from social policy funds.
The training session attracted representatives from entrusted associations and organizations; heads of savings and loan groups; community officials; and many residents in need of preferential loans. The working atmosphere was urgent and focused.
According to the People's Committee of Yen Hoa Ward, the total outstanding policy credit debt in Yen Hoa Ward currently stands at 75.6 billion VND. Of this, the Women's Union manages 17 groups with an outstanding debt of 56.3 billion VND; the Veterans Association manages 5 groups with an outstanding debt of 17.3 billion VND; and the Youth Union manages 2 groups with an outstanding debt of 2 billion VND.
Many local officials shared that such training sessions are no longer merely ceremonial, but genuinely address the need to improve expertise in capital management – a field considered challenging. This is because Yen Hoa is a densely populated area with a high rate of population migration and a thriving business and service sector.
Therefore, the demand for preferential loans to create jobs and stabilize livelihoods remains consistently high. To ensure that these funds reach those who truly need them, a team of ward officials is required who are knowledgeable, up-to-date on regulations, and able to apply them flexibly in each specific case.
At the conference, the presenters reviewed the application review process, regulations on capital utilization, post-loan verification responsibilities, and how to handle situations when risks arise. Many common problems were also frankly discussed, along with solutions, such as: slow updating of loan files in some areas, cases lacking supporting information to prove financial difficulties, and insufficient enforcement of debt and interest repayment.
Policy-based funding – a lifeline for many households.
According to statistics from Yen Hoa ward, the ward is currently implementing three loan programs, primarily for job creation, accounting for 99% of the total outstanding loans. Credit quality is stable, with no overdue debts. This partly reflects the effective use of capital and the responsibility of the people in the borrowing process.
Reporters observed that, while walking through residential areas in the ward, it's easy to spot small-scale livelihood models organized by residents themselves – from grocery stores and food service establishments to online businesses, repair shops, and small transportation services. Many of these started with preferential loans from the Social Policy Bank.
Ms. Do Lien, the owner of a service business, shared that her family has a child studying at university, is facing financial difficulties, and her husband does not have a stable job. She believes that the preferential credit policy is timely and practical support.
Comrade Nguyen Minh Cuong, Vice Chairman of the Yen Hoa Ward People's Committee, said that the ward requires organizations and associations to regularly review difficult cases in the area. In many residential groups, group leaders along with members of the Women's Union, the Veterans' Association, and the Youth Union have compiled lists of households in need of loans but are not yet familiar with the policies, thereby providing advice and support in preparing the necessary documents.
Thanks to the close coordination of associations, organizations, the management boards of savings and loan groups, and departments and agencies of the ward in implementing credit policies, job creation and stable living conditions for the people have been achieved; no household has fallen into difficult or impoverished circumstances.
Neighborhood group leaders play a bridging role in conveying policies and guidelines to those in need of loans at the grassroots level, while also consistently enhancing their role in monitoring the proper use of loan funds and ensuring timely repayment of principal and interest.
On the part of the Ward People's Committee, aiming to ensure no one is left behind, they have not only simply provided capital to households but also directed specialized officials to closely monitor the utilization process, support basic economic skills, and connect with markets when necessary. Many households borrowing capital lack business experience, so they greatly need the support of the association.
The ward also intensified its propaganda efforts to ensure that residents understand, access, and benefit from policy-based credit funds, develop the economy, stabilize and improve their quality of life, contribute to job creation, ensure social security, maintain political stability, and promote socio-economic development in the ward.
The ward also outlined a plan to tighten control over the activities of the Savings and Loan Groups, requiring group leaders to conduct on-site inspections of borrowers instead of relying solely on reports. In addition, the ward will coordinate with banks to organize more community outreach sessions to help residents understand their rights and responsibilities when borrowing funds.
Many paths open
Beyond just training, Yen Hoa ward is also developing a plan to improve the quality of policy-based credit activities towards greater sustainability and professionalism. One of the key focuses is strengthening post-loan monitoring skills for association officials and heads of savings and loan groups. These are the forces directly involved in understanding the local area and its residents, knowing each case's difficulties and advantages, and thus being able to provide appropriate advice to borrowers.
Another noteworthy point is that Yen Hoa ward is also considering linking with small businesses in the area to expand job opportunities for residents. This approach is considered suitable for the urban context, where the number of freelance and seasonal workers is quite large. With preferential capital and job opportunities, people will have the opportunity to improve their lives more sustainably, reducing their dependence on government support.
To maintain the quality of capital, the ward also determined that inspection and supervision must be conducted more regularly and thoroughly. Not only is the use of capital checked for its intended purpose, but each association is also required to monitor the production and business activities of borrowers, promptly reporting any risks that may arise. This aims to ensure that overdue debts do not occur, while also helping households overcome difficulties in a timely manner, preventing the collapse of economic models due to lack of experience.
In the coming period, Yen Hoa ward aims to expand the number of households accessing preferential loans, prioritizing vulnerable groups such as single mothers, disadvantaged households, young entrepreneurs, and older workers needing to change professions. Diversifying urban livelihood models such as small businesses, family services, digital services, and individual-scale e-commerce will also be encouraged to suit the conditions of each household.
Through consistent efforts and a systematic approach, it is clear that Yen Hoa ward is on the right track in making policy-based credit a crucial tool for achieving social welfare goals. When every household has access to financial resources and receives support throughout the process of using the capital, the goal of "leaving no one behind," and preventing the emergence of new poor households, is no longer just a slogan but is gradually becoming a reality in the ward.
Source: https://hanoimoi.vn/phuong-yen-hoa-no-luc-khong-de-ai-bi-bo-lai-phia-sau-726286.html
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