Policy credit - increasing income for poor households

Staff of the Yen Chau Social Policy Bank Transaction Office check loan efficiency in Mai Ngap village, Yen Chau commune.

With the motto "Understanding the people's hearts, serving wholeheartedly", the Transaction Office is implementing 15 policy credit programs, coordinating with political and social organizations of communes to maintain the operation of 266 savings and loan groups (TK&VV), disseminating policy information to people, supporting the selection of correct loan subjects, monitoring the use of capital, and at the same time, sharing experiences and spreading effective production models.

In 2025, the unit disbursed loans to 1,722 customers; of which, 1,057 poor and near-poor households and production and business households in difficult areas received loans to invest in livestock and crop farming; created conditions for 292 workers to have new jobs; provided loans to invest in the construction of 364 clean water projects and 364 rural environmental sanitation projects, contributing to improving the quality of life of the people.

The unit also pays special attention to training and professional development. In 2025, the Transaction Office organized 22 policy credit training courses for 795 members of the Poverty Reduction Committee, entrusted association officials and the Savings and Credit Group Management Board. The training content focuses on skills in preparing documents, checking loans, guiding people in developing production plans, experience in managing loan groups, and improving credit quality and efficiency.

In addition, the unit has strengthened inspection and supervision of borrowers to use capital for the right purpose, urged debt collection on time, and limited bad debt. During the year, the unit directly inspected 40 socio-political organizations receiving commune-level trust; 57 Savings and Credit Groups; 635 loan customers. Through inspection, all households invested for the right purpose, preferential capital became a "soft motivation" to help people confidently expand production scale, transform sustainable livelihoods and have more stable income. Many families have boldly developed economic models such as growing fruit trees, raising livestock and poultry, developing services... Clean water facilities and standard toilets have been built more, creating a spacious and clean rural appearance.

The results achieved confirm that policy credit is an important solution contributing to the successful implementation of the goals of sustainable poverty reduction, income increase and social security assurance in the area.