Tam Hong People's Credit Fund - Effective capital channel

Promoting the advantage of being close to the people, Tam Hong Town People's Credit Fund (Tam Hong Town People's Credit Fund), Tam Hong commune has been affirming its role in creating "leverage", a timely and effective capital channel, supporting people to develop production and business, joining hands with the locality to achieve the goal of poverty reduction and new rural construction.

Staff of Tam Hong People's Credit Fund, Tam Hong commune introduce and advise customers on new loan packages and products.

Established in 1993, in the first years of operation, Tam Hong People's Credit Fund encountered many difficulties due to lack of capital, human resources, facilities... However, with the efforts of the Board of Directors and staff, especially with the solution of flexible use of capital, prioritizing traditional customers, competing with the spirit and service attitude, combined with consulting customers to use capital effectively, the fund's profit each year is always higher than the previous year.

Currently, the total capital of the Tam Hong People's Credit Fund has reached over 371 billion VND; the total outstanding loan has reached 226 billion VND for 449 customers who are borrowing capital. The fund's capital has created conditions for thousands of customers to invest in production and business development; exploit local potential, maintain and promote the development of traditional industries, cultivation, animal husbandry, create new jobs and improve income and living standards.

Mr. Pham Van He, Lung Thuong village, Tam Hong commune shared: Thanks to the capital of the Tam Hong People's Credit Fund, in 2016, his family had the conditions to invest and expand the scrap and transportation business, so the family always stays with the fund as a form of gratitude. Moreover, when coming to the fund to borrow capital, we are always warmly and friendly welcomed, the loan application approval procedures are quick and convenient... Besides, the fund staff also regularly visit, advise and help the family in production and business.

Mr. Nguyen Dai Lam - Chairman of the Board of Directors of Tam Hong TT People's Credit Fund said: As a monetary business unit, Tam Hong TT People's Credit Fund always determines the goal of safe and effective business, thereby creating trust in mobilizing idle capital among the people; promptly meeting the capital needs with focus and key points according to the local socio -economic development programs, especially the capital needs for people to develop family economy.

To improve the quality and efficiency of loans, Tam Hong People's Credit Fund pays special attention to surveying, appraising, and checking projects before, during, and after lending; strictly implementing regulations on interest rates, lending regimes, and lending subjects; properly handling arising problems, minimizing risks, and controlling bad debts.

The lending process is facilitated in all procedures to facilitate the borrowing process of the people, shorten the time, and reduce travel costs. In addition, the fund regularly updates, grasps information, advises, and guides customers to borrow capital to develop the economy according to the specific conditions of each family.

It can be affirmed that, promoting the advantage of being close to the people, in recent years, Tam Hong People's Credit Fund has exploited local capital well, promptly provided loans for members and people to invest, expand production and business, contributing to hunger eradication and poverty reduction, successfully implementing the socio-economic development goals of the locality.

Staff of the Tam Hong Rural Development Fund, Tam Hong commune disburses loans to customers.

In the coming time, the Tam Hong People's Credit Fund will continue to implement solutions to maintain and maintain growth momentum, and successfully complete the financial plan targets. The Fund will continue to closely follow the lending policies and orientations of the State Bank of Vietnam , the Vietnam Cooperative Bank and the local economic development orientation; flexibly and diversify forms of mobilization, develop new lending and mobilization products. At the same time, actively and proactively inform about the fund's credit programs and policies so that customers can grasp information and access capital sources. Continue to improve, innovate and modernize the process of providing products and services in the direction of simplifying procedures, creating the most favorable conditions to improve people's access to credit.

Tran Tinh

Source: https://baophutho.vn/quy-tdnd-tt-tam-hong-kenh-dan-von-hieu-qua-242030.htm