Creating capital to help people escape poverty

In recent years, thanks to policy credit capital, many households in Thanh Ba commune have risen out of poverty and have a more fulfilling life. That result is partly due to the significant contribution of the Thanh Ba Social Policy Bank Transaction Office, which helps subjects access policy capital, thereby reducing poverty, creating jobs, ensuring social security, and developing the local socio-economy.

Following the staff and leaders of the Thanh Ba Social Policy Bank Transaction Office to inspect the use of loans at the grassroots level, we can see that from the staff to the leaders of the Office always keep a close eye on the area - wherever there are policy beneficiaries in need of capital, they are always ready to be present.

After implementing the 2-level local government model, have your operations changed? I asked Mr. Duong Anh Tuan - Director of the Thanh Ba NHCS Transaction Office, Mr. Tuan enthusiastically shared: "Up to now, all operations of the Transaction Office are still being implemented normally, capital is still reaching the right subjects. Currently, the Office still maintains 19 transaction points, but now it is 6 communes with 298 savings and loan groups (TK&VV), with outstanding loans of more than 500 billion VND...".

Total outstanding debt as of September 30 reached over VND500 billion, an increase of nearly VND23 billion compared to the beginning of the year. Currently, the Transaction Office is managing 17 loan programs, many of which have high outstanding debt such as loans for poor households, near-poor households, newly escaped poverty households, clean water and environmental sanitation... Loan turnover since the beginning of the year reached nearly VND95 billion with more than 1,500 households receiving loans, debt collection turnover since the beginning of the year reached approximately VND80 billion.

Thanks to the capital, many poor households and policy beneficiaries have had the conditions to develop the economy , increase income, stabilize life, contribute to job creation, and ensure social security. On average, each year, the Transaction Office disburses loans to hundreds of poor households, near-poor households, households escaping poverty and other policy beneficiaries.

Accordingly, poor and near-poor households and policy beneficiaries in Thanh Ba commune have had access to preferential capital from the Commune Social Policy Bank to develop production, increase income, eliminate hunger and reduce poverty, and gradually improve their lives; actively contributing to the goal of poverty reduction and ensuring social security in the area.

Leaders of Thanh Ba Social Policy Bank Transaction Office visited and inspected the production development loan model of Ms. Le Thi Phuong's family, a poor household in Zone 2, Hanh Cu.

Many years ago, Ms. Le Thi Phuong's family was a poor household in Zone 2, Hanh Cu. Thanks to the help of the association, the commune's mass organizations and the commune's Center for Social Policy and Development, Ms. Phuong's family accessed preferential loans from the Social Policy Bank. With an initial capital of 50 million VND, she invested in a pig farm combined with free-range chickens.

With learning and experience accumulated over the years, Ms. Phuong's family's livestock model has been effective. After escaping poverty and paying off all debts, Ms. Phuong's family continued to be given the opportunity to borrow 100 million VND in poverty-relief capital to expand the investment model of cattle breeding and tea planting.

Ms. Phuong affirmed: "During the most difficult time, the loan capital from the Social Policy Bank helped my family overcome and gradually have a stable life. Up to now, my family has a flock of over 100 chickens, 1 hectare of tea, 7 sao of rice, 2 sao of corn, cows, pigs...".

Or like Le Tat Thang's family, also in Zone 2, received a loan of 50 million VND for production and business from 2021 to 2024 and has paid off all principal and interest. When he received the loan, Mr. Thang invested in planting and caring for tea. Currently, his family has over 3 hectares of paper material hills, 1 hectare of tea, the finished product is green tea. Each year, his family harvests about 8-9 tons of fresh tea, and after processing, they get about 550 kg of dry tea. Up to now, Mr. Thang's family has risen out of poverty, and their house is spacious.

At Loan Group No. 2, Hanh Cu currently has 48 members who have implemented loan programs such as: Poor households, poverty alleviation, near-poor households, students, housing, clean water, job creation... Up to this point, the outstanding debt of the Loan Group is 3,323 billion VND, with no overdue debt.

In addition, the Group has converted the account opening numbers for its members so that households working far away do not need to return to their homes but only need to transfer money to their accounts on the date and time to pay interest, which is very convenient. At the same time, the group leaders do not have to go to each house to open a book to check each household like before, saving time, creating convenience for people when borrowing capital.

Mr. Le Tat Thang in Zone 2, Hanh Cu, thanks to a loan from the Social Republic Bank, has invested in planting and taking care of tea, bringing high efficiency.

Comrade Duong Anh Tuan - Director of Thanh Ba Social Policy Bank Transaction Office said: Currently, the Transaction Office continues to implement many credit programs such as: Preferential loans for poor households, near-poor households, newly escaped poverty households; loans for job creation, clean water program, loans for students...

Along with that, the Transaction Office always follows the direction of the superior and local banks, focuses on mobilizing financial resources, promptly transferring capital to the right beneficiaries. At the same time, strengthens the review of beneficiaries, synthesizes capital needs and synchronously implements solutions to increase outstanding loans.

At the same time, speed up the disbursement progress according to the assigned credit growth plan targets, strengthen the direction of the association organizations to focus on reviewing and grasping the due debts, well controlling the occurrence of overdue debts and paying attention to handling cases of overdue debts and slow-moving debts. Strive for the overdue debt ratio to reach below 0.06%.

At the same time, the Transaction Office also strengthens inspection of the entrusted units; Savings and Loan Groups and customers. Ensure the operations of the units are absolutely safe for people, assets and there is no negativity in policy credit activities.

The coordination between the Social Policy Bank and the entrusted socio -political organizations has contributed to the good implementation of democratic and fair evaluation for households borrowing preferential loans as well as creating favorable conditions for implementing preferential loans for employers, paying wages for work suspension, paying wages for reproduction or changing occupations for workers facing difficulties.

With the achieved results, the credit capital of Thanh Ba Commune Social Policy Bank continues to be deployed in the area, actively contributing to the implementation of national target programs on sustainable poverty reduction, job creation, ensuring social security, building new rural areas in the area as well as successfully implementing the targets set out in the Resolution of the 1st Commune Party Congress.

Dinh Tu

Source: https://baophutho.vn/tao-nguon-von-giup-nguoi-dan-thoat-ngheo-241418.htm