Loan group is a bridge connecting Agribank and customers.

The loan group has truly become a bridge between Agribank and customers, contributing to promoting the transfer of preferential capital flows from the bank to customers quickly, promptly and most effectively. By December 31, 2023, Agribank, the Vietnam Farmers' Union (VFU), and the Vietnam Women's Union (VWU) are coordinating to manage and organize lending activities through strong loan groups with more than 63,000 loan groups (more than 1.2 million members), outstanding loans reaching more than VND 206,000 billion in many regions across the country such as: North Central, Northern Midlands, Highlands - Border, Red River Delta, Central Coast, Southwest, Southeast, Central Highlands, Hanoi, Ho Chi Minh City. These actual figures further confirm Agribank's correct steps in linking banking activities with local socio-economic development, especially in credit activities to promote agricultural and rural economy.

Through the loan and savings group, people have timely access to preferential capital from Agribank to invest in production and business effectively.

Lending activities through loan groups ensure good implementation of requirements on improving credit quality, limiting bad debts; through the coordination of loan management between bank staff and loan group leaders, Agribank promptly grasps information related to loan safety, loan use purposes of customers, risks affecting loans; the participation of loan group leaders in the process of developing loan plans/projects of members, loan disbursement, loan interest collection, loan management for loan group members has contributed to increasing labor productivity and saving costs in business activities.

In addition, the lending model through the Group helps households and individuals access loans and receive payment, money transfer, and insurance products and services from Agribank conveniently and effectively, especially for households and individuals in remote, isolated areas with few conditions to transact with banks; the positive results of lending through the Group have effectively contributed to promoting the role of Agribank in implementing the "Tam Nong" policy, contributing to the development of microfinance for households in implementing the national comprehensive financial strategy.

The development of lending activities through groups also contributes to administrative reform in banking activities, simplifies loan applications, through lending groups, customers are fully and detailedly guided on loan procedures, ensuring compliance with regulations and lending procedures of the bank; in addition, disbursement and debt collection through lending groups, mobile lending groups, mobile transaction points by specialized cars according to fixed schedules at transaction points in communes, villages, hamlets, and hamlets have contributed to saving customers' travel costs, helping customers access loan sources and banking services more conveniently and easily.

Lending activities through the Group are continued to be expanded by Agribank in both quality and scale, outstanding loans grow annually, credit quality is guaranteed, creating a connection between the Farmers' Association, the Women's Union, the Veterans' Association, the People's Committee, the Youth Union, the Residential Group, the people, customers with Agribank.

Through the loan group, Agribank has provided a variety of products and services to its members in conjunction with the digital banking model, applying automatic lending and debt collection transactions, and non-cash payment services through electronic transaction channels to meet the provision of diverse credit, payment, and insurance products and services for production households and individuals through the professional activities of the loan group, ensuring that the operation of the loan group is continuous and effective, best serving the needs of customers for using loans and payment services including products and services: money transfer payment, collection and payment on behalf of customers, card services, opening payment accounts, registering for SMS Banking, Agribank E-Mobile Banking, Agribank eBanking..., Agribank's products and services are widely promoted by socio-political organizations at the grassroots level, helping customers choose and use Agribank's services more and more, each year higher than the previous year, achieving the goals of the organization. Agribank on developing customers to use a variety of products and services in the new period.

Mobile transaction points using specialized cars on a fixed schedule at transaction points in communes, villages, hamlets, and hamlets have contributed to saving customers' travel costs.

Agribank continues to develop lending activities through loan groups in the period of 2024 - 2025: lending through loan groups in residential areas, agencies, and public service units to provide consumer loans to serve personal living needs, lending to households and individuals in agricultural and rural areas, increasing the maximum loan amount for loan group members with good business conditions, with a stable source of income to repay bank loans according to the loan plan/project; improving credit quality, continuing to deploy the provision of credit products and payment transactions, banking - insurance linkage services for customers transacting through Agribank's electronic channels.

To improve the efficiency and quality of loan groups, Agribank has been promoting propaganda work, coordinating with organizations to establish loan groups to promptly resolve difficulties and problems, meeting the needs of local people quickly, conveniently and effectively. At the same time, focusing on implementing credit policies to serve agricultural and rural development through loan groups; directing credit officers in charge of the area to closely follow the grassroots, coordinate with the group leader to grasp the loan situation of the people to promptly support to remove difficulties, and at the same time attaching a modern banking model based on the application of 4.0 technology, digital banking model, applying lending transactions, automatic debt collection, non-cash payment services through electronic transaction channels to meet the provision of diverse products and services. The unit also regularly checks, supervises and urges the use of loans for the right purposes; Implement well the regulations on transparency and democracy in credit investment; focus on organizing training and fostering banking knowledge for loan group leaders...

Agribank is the leading unit in implementing the policies of the Government and the State Bank on agricultural, rural and farmer credit. Agribank always holds a large market share in the system in terms of outstanding credit for the economy (about 12.5%), playing a key role in investing in the development of "Tam Nong", with the proportion of loans to the agricultural and rural sectors in recent years always at about 60% - 70% of Agribank's total outstanding loans, contributing to promoting economic restructuring in agriculture, forming specialized commodity production areas such as rubber, coffee, pepper, fruit trees, aquaculture and fishing, creating jobs and improving living standards and income, actively contributing to the cause of hunger eradication and poverty reduction, and building new rural areas.

PV

Source: https://www.congluan.vn/to-vay-von--cau-noi-gan-ket-giua-agribank-va-khach-hang-post282300.html