Households in Thuan Hoa commune are borrowing capital from the Social Policy Bank to expand their business models and increase their income.
Ms. Huynh Thi Soc Kha's grocery store in Phuoc Thuan hamlet, Thuan Hoa commune, is well-received by local residents due to its wide variety of goods. Previously, due to a lack of capital, Ms. Soc Kha only sold a few essential items; her husband worked as a car repair and washer to support the family. With guidance and support from the Women's Union of the commune, Ms. Kha accessed preferential loans from the Social Policy Bank. From an initial loan of 12 million VND, she purchased more goods and diversified her products. In October 2024, she was approved for an additional loan of 90 million VND, allowing her to expand her business. Currently, Ms. Soc Kha's family enjoys a fairly stable income from the grocery store. Ms. Soc Kha shared: "Thanks to the dedicated guidance from the Women's Union officials, the loan application process was very smooth. Since then, my family has been able to focus on business and economic development."
The family of Ms. Lam Thi Huong in Phuoc Thuan hamlet is one of the households that effectively utilizes policy credit funds. Previously, her family's income was unstable, depending on farming and milling rice for hire. For about 10 years now, Ms. Huong's family has switched to buying white radishes to process into pickled vegetables. Thanks to a 100 million VND loan from the Social Policy Bank, Ms. Huong invested in tools, a preservation system, and transportation vehicles.
Every year leading up to Tet (Lunar New Year), Ms. Huong's facility purchases approximately 60 tons of fresh radishes, processing them into 23 tons of finished pickled radish products. In addition, her family purchases and processes about 10 tons of salted chili peppers annually to supply the market. This model brings Ms. Huong's family a profit of approximately 100 million VND per year and provides seasonal employment for 3-4 workers during peak season.
Ms. Van Thi Thuy Duong, Vice President of the Women's Union of Thuan Hoa commune, said: "The Women's Union of Thuan Hoa commune has more than 1,000 members, of which over 850 members have accessed capital from the Vietnam Bank for Social Policies (VBSP), with a total outstanding loan balance of more than 34 billion VND. The job creation loan program alone is supporting nearly 150 members in borrowing capital to develop their businesses." The Women's Union of Thuan Hoa commune proactively coordinates with the Phu Tam branch of VBSP to promote the dissemination of preferential credit programs and guide members to participate in savings through savings and loan groups. The inspection of capital utilization is carried out strictly according to regulations...
According to Mr. Nguyen Hai Au, Director of the Phu Tam Branch of the Vietnam Bank for Social Policies (VBSP), the loan program to support job creation, maintenance, and expansion is one of the important credit programs with practical social welfare significance. In particular, from January 1, 2026, the program increased the maximum loan amount to 200 million VND, helping households confidently borrow capital to invest in machinery, apply science and technology to expand production scale, and improve capital efficiency. To date, the total outstanding loan balance of the job creation loan program managed by the Phu Tam Branch of VBSP has reached over 130 billion VND, with more than 3,100 customers still having outstanding loans; of which, ethnic minority households account for 51%. The capital has supported thousands of workers in finding employment and maintaining stable production and business.
In the coming period, the Phu Tam Branch of the Vietnam Bank for Social Policies will continue to coordinate with local authorities and entrusted socio -political organizations to review the capital needs of the people; guide them in completing the necessary documents according to regulations; promote the role of savings and loan groups in publicly reviewing and monitoring the use of loan capital... At the same time, it will maintain a regular monthly transaction schedule in the commune, creating conditions for people to access capital in a timely manner, contributing to improving the effectiveness of job creation and sustainable poverty reduction.
Text and photos: KIEN QUOC
Source: https://baocantho.com.vn/tiep-suc-cac-mo-hinh-sinh-ke-a205005.html
Comment (0)