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| Customers apply for policy loans at the Cho Moi Social Policy Bank Transaction Office. |
Notably, 14 commune transaction points are still maintained at the old commune People's Committee hall, helping people in remote areas not have difficulty accessing capital. The regular transaction schedule is maintained regularly, ensuring continuity in service, contributing to stabilizing people's lives after the merger.
As of July 15, 2025, the total outstanding balance of policy credit programs at the unit reached more than VND 507 billion, an increase of over VND 13 billion compared to the end of 2024. Of which, the social housing loan program has disbursed VND 7.8 billion, reaching 100% of the annual plan. This result shows the effective coordination between the bank and local authorities, unions and the system of savings and loan groups.
The Cho Moi Social Policy Bank Transaction Office currently manages 183 savings and loan groups. Of these, more than 97% are classified as good and fair, becoming “extended arms” to bring policy capital to the right people, with the right needs.
Mr. Nguyen The Ba, a resident of Group 9, Cho Moi Commune, shared: In the past, my family faced many difficulties, only doing small-scale farming. In 2023, I was able to borrow 100 million VND from the policy capital to raise cows. Up to now, the cows have reproduced, bringing a stable income. Thanks to that, we have the conditions to renovate the house, making life less difficult.
Similarly, Ms. Trieu Thi Ha, a borrower in Group 12, Cho Moi Commune, was excited: My family was able to borrow policy capital to invest in forest planting, mainly cinnamon trees. Cinnamon trees are suitable for the soil, grow well, and promise to bring in significant income in the next few years. Thanks to the capital, we are bold enough to change and open up a sustainable business direction.
Not only stopping at lending, training and professional guidance for group and association officials are always focused. Ms. Duong Thi Thu, Head of Savings and Loan Group 12, Cho Moi Commune, affirmed: We are regularly trained in management skills and how to monitor loan use. This helps the group operate effectively, limit overdue debt, and ensure capital reaches the right poor and near-poor households.
According to Ms. Pham Thi Hien, Director of the Cho Moi Social Policy Bank Transaction Office, it is estimated that by the end of 2025, the total outstanding debt of the whole unit will reach about 526 billion VND, well meeting the demand for loans to develop production, business and improve people's livelihoods.
“Bringing policy capital to newly established communes not only solves the urgent capital needs of the people but also contributes to social stability and promotes sustainable economic development. This is an important resource to help people in disadvantaged areas rise up, leaving no one behind in the development journey,” Ms. Hien emphasized.
It can be seen that policy credit capital, although quietly, has been creating big changes in areas with many difficulties.
Newly built houses, green cinnamon hills, healthy cows… are clear evidence of the effectiveness of this capital source. That is also the way policy credit is lighting up confidence, helping thousands of families in Cho Moi and other disadvantaged communes rise up to take control of their lives on their homeland.
Source: https://baothainguyen.vn/tin-moi/202508/tin-dung-chinh-sach-don-bay-giup-nguoi-dan-vung-kho-vuon-len-2c91786/
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