Creating access to financial services for people

Customers come to make transactions at the Inter-ward People's Credit Fund, Quyet Thang commune.

Currently, the Inter-ward People's Credit Fund of Quyet Thang commune has developed 3,741 members, operating in the area of 3 wards: Chieng Coi, To Hieu, Chieng Sinh. The Fund's headquarters in Buon village, Chieng Coi ward, is always crowded with customers coming to borrow capital and make savings deposits.

Mr. Nguyen Van Dung, Chairman of the Board of Directors of the Inter-ward People's Credit Fund, Quyet Thang Commune, said: The Fund has 18 officers and employees. To serve customers well, the unit always closely follows the economic and social development orientation of the locality; complies with the provisions of the law on currency. Implement credit solutions well, diversify types of savings so that customers have many options to choose from. Proactively innovate, simplify administrative procedures, flexibly adjust loan interest rates. Instruct employees to guide customers to complete transaction procedures quickly and without causing inconvenience.

Officers of the People's Credit Fund of the inter-ward and Quyet Thang communes exchanged professional knowledge.

To improve credit quality, the Fund's Board of Directors regularly assigns staff to grasp the situation of loan members, especially the loan appraisal stage before, during and after lending; regularly check, urge and monitor the progress of capital use, minimizing bad debt.

Together with the staff of the Inter-ward People's Credit Fund, Quyet Thang commune visited the family of Mr. Ngo Tung Lam, Group 1, Chieng Sinh ward to visit the car care salon business model invested from the loan capital of the Fund. Mr. Lam said: In 2015, I joined the Fund and borrowed nearly 3 billion VND to invest in buying premises and building a car parts salon, helping my family's life become more and more prosperous. With the Fund's suitable interest rate, my family has an advantage in paying interest and principal.

Staff of the People's Credit Fund of Quyet Thang commune appraise the effectiveness of customers' loans.

As for the family of Ms. Nguyen Thi That, Group 6, Chieng Sinh Ward, from 2024 to present, the Inter-ward People's Credit Fund, Quyet Thang Commune has always been a companion with the family in business development, with an outstanding debt of more than 800 million VND. Ms. That shared: I chose to borrow capital from the Fund because of the process of procedures and transactions, the staff guided me enthusiastically and thoughtfully, the interest rate was suitable, and the interest payment period was flexible. Currently, the family's total revenue is over 180 million VND/month.

With many effective solutions, the Fund's capital mobilization, management and annual lending activities are all in compliance with regulations; credit indicators have all grown steadily, and the mobilized capital each year is higher than the previous year. Up to now, the total capital has reached nearly 360 billion VND; the total outstanding loans are over 267 billion VND, creating conditions for over 1,000 customers to borrow to invest in production and business development.

In addition, the Fund also actively participates in social security work, supporting hundreds of millions of VND to overcome natural disasters, visiting and giving gifts to war invalids, sick soldiers and families with revolutionary contributions; supporting cultural, artistic, physical education and sports programs, poor students overcoming difficulties...

Creating opportunities for people to access financial services, the People's Credit Fund of Quyet Thang commune continues to innovate its operating methods, ensuring credit safety, efficiency and sustainability; focusing on lending capital to members; strengthening credit quality control, affirming credibility in relationships with customers, contributing to the economic and social development of the locality.

Source: https://baosonla.vn/thuong-mai-dich-vu/tao-co-hoi-tiep-can-dich-vu-tai-chinh-cho-nhan-dan-iy6qFvrHg.html