Policy credit helps the poor rise up

BHG - After nearly 4 years of implementing Conclusion No. 06 of the Secretariat on continuing to implement Directive No. 40 on strengthening the Party's leadership over social policy credit, Yen Minh district has focused on synchronous, effective and practical implementation to support people in developing production and improving their lives.

With the active participation of Party committees and authorities at all levels and the efforts of the Yen Minh Social Policy Bank Transaction Office, preferential capital has become a solid foundation for local development. In Mau Due commune, hundreds of poor households have benefited from the policy and have risen to stabilize their lives. Among them is Ms. Nguyen Thi Duyen, a member of the Women's Union of Na Don village, a poor household facing many economic difficulties. Thanks to the attention of the government and the Women's Union of the commune, in early 2025, she borrowed 100 million VND from the Social Policy Bank. From this capital, she invested in buying 4 buffaloes, renovating the barns for fattening. Up to now, after 5 months, the buffalo herd has developed very well, Ms. Duyen and her family are excited about the near future of escaping poverty.

Mau Due Commune Women's Union monitors the use of policy loans in Na Ngoa village.

Actively bringing capital to the people in the highlands, in recent times, the Board of Directors of the Social Policy Bank of Yen Minh district has proactively advised the Party Committee and the government to closely direct the implementation of tasks. Coordinate with the branches, socio -political organizations receiving the trust and communes and towns to effectively implement lending programs. Based on the allocated capital, focus on disbursing credit capital and recovered capital, and make other loans to meet the capital needs for production and business for poor and near-poor households and policy beneficiaries. In order to consolidate and improve the quality of credit activities, the Board of Directors has also actively directed the entrusted organizations to coordinate with the Transaction Office to regularly monitor localities with overdue debts of over 0.2%, outstanding interest, weak and ineffective Savings and Loan Groups... to take measures to overcome and improve soon.

Comrade Nong Van Dung, Director of the Yen Minh District Social Policy Bank Transaction Office, said: Currently, the Office is implementing nearly 20 policy lending programs; in which, we are particularly interested in implementing programs such as: Lending to poor households; near-poor households; households that have just escaped poverty; students; supporting job creation, maintaining and expanding employment... The goal is to improve human resources to serve the locality in the new era and reduce poverty, stabilize society in remote communes. At the same time, establish and implement specific and effective organizational models and methods of managing policy credit capital. In particular, effectively exploiting "Commune transaction points", bringing banking services closer to the people, ensuring publicity, transparency and convenience in accessing capital. Or the Savings and Loan Groups directly manage in the village, organize the assessment of loan subjects, guide and confirm the preparation of documents and procedures. Thereby, credit quality is increasingly high, contributing to increasing income and building new rural areas.

Poor households borrow policy credit to invest in raising black pigs to develop the economy.

The loan turnover at the Yen Minh District Social Policy Bank Transaction Office has reached 49 billion VND with over 719 poor and near-poor households and policy beneficiaries borrowing capital. The total outstanding debt has reached 536 billion VND/9,714 customers, overdue debt is 374 million VND, accounting for 0.07% of total outstanding debt. To promote policy capital in the context of limited socio-economic conditions, infrastructure and education, the Yen Minh District Social Policy Bank Transaction Office has strengthened solutions to prevent ineffective use of capital and prolonged bad debt. In particular, promoting propaganda, coordinating to guide people in using capital, opening classes to guide production, starting businesses and linking policy credit with agricultural and forestry extension. At the same time, combining lending with technical assistance and other programs so that people not only have capital but also create goods, participate in associations, form production groups to support each other in economic development.

From policy credit loans, economic resources have been created to help Yen Minh district successfully achieve socio-economic development goals for the period 2020 - 2025. Implementing the Development Strategy of the VBSP to 2030, Yen Minh district strives to increase credit balance to account for 15% of total capital. At the same time, it will promote simplification of loan procedures, diversify products, develop appropriate types of services, and modernize management and administration.

Article and photos: PHAM HOAN

Source: https://baohagiang.vn/ngan-hang-chinh-sach/202505/tin-dung-chinh-sach-giup-nguoi-ngheo-vuon-len-3f036e5/