Policy credit funds cover the entire coastal area of ​​Hoai Nhon.

Gia Lai province currently has a coastal plain located at the northern gateway, notable for its offshore fishing and rice and crop cultivation. Formerly Hoai Nhon, a district-level administrative unit of the old Binh Dinh province, it is undergoing comprehensive and rapid transformation, becoming a "bright spot" in the sustainable poverty reduction effort.

The network of policy transaction points facilitates the provision of diverse and quick preferential loans, creating favorable conditions to help people develop production and business.

According to the report, to date, the entire northern gateway region of Gia Lai province has completed the national sustainable poverty reduction program two years ahead of schedule, with the poverty rate at zero and the elimination of temporary and dilapidated houses, helping 612 households escape poverty and 845 households remove them from the near-poverty list. This impressive achievement demonstrates the decisive leadership and management of the local Party committee and government, the involvement of the political system, and the joint efforts of organizations and businesses, including the practical and effective contribution of the Social Policy Bank.

According to Dang Thi Huong, Party Secretary and Director of the Hoai Nhon Branch of the Social Policy Bank, for the past 23 years since its establishment in 2003, despite facing numerous difficulties such as harsh weather, the widespread Covid-19 pandemic, and challenges during the implementation of the two-tiered local government model, the Hoai Nhon Social Policy Bank, formerly the Hoai Nhon Town Social Policy Bank, has always strived to implement measures to ensure the smooth flow of policy credit capital.

The network of transaction points of the Social Policy Bank, located at 17 former and new commune and ward People's Committee headquarters, has been maintained and operates regularly. Most poor people and eligible policy beneficiaries have been able to borrow preferential state capital easily, enabling them to start production and business activities, create jobs, and increase income.

A typical example is Mr. Le Tien Quy in Giao Hoi 1 neighborhood, Hoai Nhon Nam ward, Gia Lai province, who used 150 million VND in preferential loans from the Hoai Nhon Social Policy Bank twice to invest in a farming and livestock model. He has established a family farm economic model including 400 pepper plants bearing abundant fruit, averaging about 1.2 tons of fresh pepper per year, and 4 sturdy barns with a herd of 6 fattened cows and 70 sows and pigs... earning nearly 100 million VND in profit annually.

"Thanks to the help of the ward's youth union, especially benefiting from policy-based credit funds, I was able to build a spacious new house and purchase all the necessary materials and convenient appliances for my family's production and daily life," Mr. Quy happily shared.