Policy credit opens a path out of poverty in Quy Chau.

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Starting from a poor household in Ke Ninh village (Quy Chau commune), Ms. Lu Thi Hieu has continuously strived to improve her life. The turning point came when her family accessed a 50 million VND loan from the Social Policy Bank. She boldly invested in cattle farming and acacia tree cultivation. That determination paid off handsomely: in just over 3 years, she owns a farm with nearly 20 cows, 5 hectares of acacia trees, and has built a spacious and well-equipped house. Ms. Hieu emotionally shared: "The loan was a crucial leverage that helped my family dare to think, dare to act, have savings, and completely escape poverty as we are today."

A typical example is the family of Ms. Luong Thi Mien, from Bong village, Chau Tien commune, who escaped poverty thanks to policy-based credit. Previously, the family faced great hardship. A few years ago, she borrowed 80 million VND from the District Social Policy Bank to invest in building barns and purchasing livestock. Now, her herd of cows and buffaloes is thriving, providing the family with a stable income, thus improving their lives and helping them escape poverty.

Thanks to policy-based funding, the family of Ms. Luong Thi Mien, from Bong village, Chau Tien commune, invested in livestock farming and escaped poverty. Photo: TH

In Hung Chan commune, to effectively utilize preferential loan capital from the Social Policy Bank through socio- political organizations, the Women's Union of the commune has actively reviewed and supported members and households in borrowing capital for farming, livestock breeding, and trading... Priority is given to members who are poor, near-poor, and disadvantaged households. Thanks to this capital, households have implemented production and business models that bring high economic efficiency.

One example is Ms. Kim Thi Ly, born in 1987, a member of the Women's Association in Chao village, Hung Chan commune. She is a diligent and dynamic member who develops her family's economy through various means such as raising cattle, pigs, and chickens, and brewing rượu (traditional Vietnamese rice wine)...

Her family borrowed 50 million VND from this fund to build and expand pig farms for breeding and raising pigs, as well as free-range chickens. Thanks to the loan support, participation in scientific and technical training courses, utilization of feed from agricultural production, and the family's hard work, the development of their pig herd has been very successful. Currently, the family has 2 breeding pigs, 4 pigs for meat, and over 200 free-range chickens. From the beginning of the year until now, their income from pig farming has exceeded 40 million VND. In addition, her family also runs a grocery store providing essential products to the local community such as rice and fertilizer, and grows organic vegetables and raises fish in a pond to meet the family's needs.

Besides being a successful businesswoman , Ms. Ly actively participates in the activities of the Women's Association and the loan group; she regularly shares her experiences with other women, encouraging them to make regular savings deposits. This helps them both improve their savings awareness and have a readily available source of capital to promptly support poor women members in difficult circumstances.

Bank officials inspect the use of funds at the borrower's home. Photo: TH

In Quy Chau district, many households that initially borrowed 50 million VND now own herds of dozens of cows and hectares of forest... This is clear evidence of the effectiveness of policy-based credit. For example: the sandalwood cultivation model of Sam Thi Luyen's household in Hung Chan commune; the acacia plantation model of Lo Hang Nhung's household in Quy Chau commune; the cage fish farming model of Hoang Thi Huong's household in Quy Chau commune; the breeding cow farming model of Luong Thi Mien's household in Chau Tien commune; the 3B cow farming model of To Duy Dai's household in Chau Binh commune; or the incense making model of Hoang Thi Hoi's household in Quy Chau commune…

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The year 2025 marked a year of many positive achievements for social policy credit in Quy Chau district. With the regular leadership and guidance of the Party Committee and government, the active support of various departments, agencies, and organizations; and especially the sense of responsibility of the staff of the Social Policy Bank, preferential government capital has truly become a "pillar" in the work of rapid and sustainable poverty reduction, supporting poor and near-poor households and policy beneficiaries to improve their lives, ensuring social security and building new rural areas in the district.

The Quy Chau branch of the Vietnam Social Policy Bank disburses student loans for STEM fields according to Decision 29/2025/QD-TTg. Photo: TH

Policy-based capital has reached even the most remote villages and hamlets in the communes of Quy Chau, Hung Chan, Chau Tien, Chau Binh, etc., helping many households gradually stabilize their livelihoods, increase their income, and escape poverty sustainably. Many farm, household farm, and cooperative economic models have been formed and developed in the area thanks to preferential "capital injection" from policy-based credit, in line with the spirit of Directive No. 39/CT-TW of the Central Committee dated October 30, 2024, on implementing policy-based credit in the new situation.

Mr. Dang Xuan Huy, Director of the Quy Chau Branch of the Social Policy Bank, said: After the two levels of government came into operation, the Quy Chau Branch proactively maintained 12 transaction points in communes, ensuring that people did not have to travel far to access loans. Thanks to this, thousands of poor and near-poor households and policy beneficiaries in the mountainous western district of Nghe An province continue to receive timely support, contributing to maintaining credit quality and promoting sustainable poverty reduction.

After the merger, Quỳ Châu district now comprises only four communes. In the two-tiered local government model, the reduction in administrative layers has allowed the Quỳ Châu branch to focus on improving operational processes, shortening disbursement times, and simplifying procedures. The commune-level transaction points are still maintained, acting as a bridge between the bank and the people, ensuring that essential financial services are widely available, especially in remote and rural communes and villages.

The Social Policy Bank in Quy Chau disburses funds. Photo: TH

Maintaining the existing network of branches before the merger has helped poor households and other policy beneficiaries in the area avoid long journeys, creating stability and reassurance in accessing loans. Alongside capital growth, debt management and credit quality have been emphasized. By 2025, the overdue loan rate is targeted at 0% of the total outstanding loans, with timely and compliant debt and interest collection. Savings and Loan Groups are increasingly effective, becoming a strong bridge between the bank and the people, with 100% of the total outstanding loans performing well. Capital mobilization exceeded the assigned target with a balance of over 83 billion VND, an increase of 15 billion VND compared to the beginning of the year.

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2025 was a year of many difficulties and challenges, but with the efforts in implementing policy credit funds, the Quy Chau branch successfully completed its tasks. Policy credit funds continued to flow smoothly and effectively, meeting the aspirations of the people. This ensured social security and contributed to the development of new rural areas in the mountainous Quy Chau region.
Mr. Dang Xuan Huy - Director of the Quy Chau branch of the Social Policy Bank, shared:

Source: https://baonghean.vn/von-tin-dung-chinh-sach-mo-loi-thoat-ngheo-o-quy-chau-10314831.html