In recent times, the District Party Committee, the People's Committee of Thanh Khe District (Da Nang), and the Board of Directors of the Social Policy Bank (SPB) have always paid attention to and directed policy credit activities in the area. Policy credit capital has reached the right beneficiaries, promptly and effectively, contributing to improving the lives of local people.
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Social policy credit has played an important role in successfully implementing the goals of job creation, rapid and sustainable poverty reduction, ensuring social security and political stability, and socio-economic development in the area.
Since Directive No. 40-CT/TW and Conclusion No. 06-KL/TW of the Secretariat, Party committees and local authorities have clearly recognized their responsibilities for social policy credit activities. Units regularly follow the content in the implementation instructions at the grassroots level, and include the content in the conclusions and resolutions of regular meetings.
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| Borrower Nguyen Ngoc Thong, Xuan Ha ward is one of the extremely poor households that has effectively used loans from the Vietnam Bank for Social Policies to escape poverty sustainably. |
In particular, this is considered one of the important and key tasks that need to be implemented at all levels and sectors to improve the quality and effectiveness of social policy credit implementation. On that basis, localities link social policy credit activities with the orientation of local economic and social development.
To witness the effectiveness of social policy credit programs implemented in Thanh Khe district, staff of the Thanh Khe District Social Policy Bank took the writer to visit some households borrowing capital in Xuan Ha ward.
Mr. Nguyen Van Chuc, Veterans Association of Xuan Ha Ward, shared that the loan capital from the Vietnam Bank for Social Policies has brought practical results, improving the lives of many borrowers. Every year, from the proposal of the Loan and Saving Group, the Ward Veterans Association actively supports many borrowers, all of whom use the loan for the right purpose, have a method of paying interest and depositing savings on time as prescribed. The loan capital from the Vietnam Bank for Social Policies has helped the lives of borrowers improve a lot. Many poor, near-poor and policy families have made efforts to do business, escape poverty sustainably and become rich legitimately.
A typical example is the borrower Nguyen Ngoc Thong, group 26, Xuan Ha ward, one of the extremely poor households, who have effectively used preferential loans from the Vietnam Bank for Social Policies. Mr. Thong's family works in the aluminum and glass industry, with 4 members. Previously, due to lack of capital, they only took on small jobs from households and used public space in residential areas for production, causing environmental pollution and noise. People in the residential area have repeatedly complained, but for the sake of making a living, Mr. Thong still does it.
However, since 2020, when accessing capital to create jobs from the Vietnam Bank for Social Policies, Mr. Thong's household borrowed 100 million VND to invest in purchasing machinery and equipment and expanding the production facility. With capital, Mr. Thong was bold enough to rent 100 square meters of space and received larger projects. When the work increased, the production facility hired more workers, creating regular jobs for 2 workers. Mr. Thong's wife also participated in management and accounting work for the workshop. Since having capital, the workshop's production work has been more favorable. Every month, he pays interest and saves 2 million VND regularly to repay the principal on time. Currently, Mr. Thong's family has escaped poverty truly and sustainably.
Mr. Thong shared that to have the life he has today, in addition to his efforts, there is also the strong support of the loan group of the Social Policy Bank, the Veterans Association, the People's Committee of Xuan Ha Ward and other associations. In particular, the loan source to create jobs from the Social Policy Bank has a profound humanity, helping his family and many other families in the area overcome difficulties and escape poverty sustainably. This is a correct policy, in line with the people's wishes, making people rich, and needs to be promoted and expanded further...
Deep humanity
Unlike Mr. Thong, Ms. Nguyen Thi Lai's family in Thanh Khe Tay Ward is one of the families with many children and one of the most difficult circumstances in the locality. Because Ms. Lai's family is a large family, with 5 children who are at the age of eating, studying and taking care of their sick old mother. Ms. Lai's family works hard all year round, staying up late and waking up early, but still only has enough to provide for daily meals.
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| Policy credit has helped poor households have housing, helping Da Nang City successfully implement the "5 no" and "3 yes" programs. |
Ms. Lai said that the biggest fear is that at the beginning of each school year, the family worries about saving money, borrowing money to buy school supplies, books, clothes and pay the school year fee so that the children can go to school like other children. The children's future, which seems to end at the end of high school, is already difficult for the family, let alone going to university.
Ms. Lai was moved, a "miracle" came to her family when, with the guidance of the Savings and Credit Group, the family was able to borrow from the Thanh Khe District Social Policy Bank, with a total amount of 50.9 million VND to pay tuition and cover the study costs for 5 years of university for their eldest daughter.
“My husband and I told our children that now that the Thanh Khe District Social Policy Bank is helping, they should not think about dropping out of school anymore. They should try hard, only by studying and studying hard can they escape poverty. Seeing that, the next 4 children all strived and excelled in their studies, all finished high school and were determined to pass the university entrance exams. Up to now, the total amount of money the family borrowed from the student loan program is 128.7 million VND. Thanks to the student loan program, our 5 children have continued to enter university and become useful people for society. The family has less difficulty and has risen out of poverty,” shared Ms. Lai.
Currently, Ms. Lai's children have graduated, have stable jobs and have started to help pay off the debt to the Social Policy Bank; have saved and paid off part of the debt of 8 million VND and are participating in savings at the Savings and Credit Group with an amount of 3.3 million VND.
The lending programs of the Vietnam Bank for Social Policies have contributed greatly to the successful implementation of the “5 no’s”, “3 yes’s” and “4 safe” programs of Da Nang City. One of the programs that has been implemented quite successfully and highly appreciated is the housing program.
In recent times, the Thanh Khe District Social Policy Bank has been very active in implementing the social housing loan program. Up to now, dozens of households in the area have realized their dream of owning a house. A typical example is the loan household Ly Thi Thanh Cuong, Xuan Ha Ward.
Ms. Ly Thi Thanh Cuong shared that, before, the whole family lived in a makeshift house of only 31 square meters. Every time the rainy season came, the family was always in fear. One year, due to the impact of a big storm, the whole family was evacuated by the local government to a shelter to ensure safety.
When telling the story of borrowing money, Ms. Cuong still clearly remembers the day the capital was disbursed, which was August 6, 2019. A good day that changed the family's life... Ms. Cuong said that with the introduction, guidance, and help of the Savings and Credit Group, Xuan Ha Ward People's Committee, and the Thanh Khe District Social Policy Bank, they lent 200 million VND. With the 150 million VND saved, the family was able to build a new, spacious 2-storey house, with a total cost of more than 350 million VND. The total usable area is 62 square meters. From now on, the family can rest assured about their accommodation, settle down, stabilize their lives, and focus on developing the family economy.
"The family is very grateful for the active support of the State through the Social Policy Bank with preferential loans that have helped the poor have a place to live. Without this help, it would be very difficult for the family to build a new house..." - Ms. Cuong said.
Mobilizing resources of the entire political system
To achieve impressive and deeply humane results, in recent years, Thanh Khe District People's Credit Fund has thoroughly implemented Directive 40-CT/TW to its staff in improving the effectiveness of advisory work with local Party committees and authorities.
Along with that, closely coordinate with socio-political organizations and relevant departments to implement policy credit activities in the area. Thanh Khe District Social Policy Bank has coordinated with the People's Committee and the Ward's mass organizations to propagate and disseminate Directive 40-CT/TW to the Party cell secretaries of residential areas and heads of residential groups to gain the attention of the entire political system as well as participate in monitoring policy credit activities.
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| From the loan capital from the Social Policy Bank, Mr. Nguyen Van Ton's household in Thanh Khe Tay ward was able to borrow to buy fishing gear to serve the marine industry. |
Up to now, the scale of outstanding debt and the quality of policy credit in the area have been continuously improved. By June 20, 2024, the total outstanding debt of Thanh Khe district was over 700 billion VND, an increase of 269% compared to 2014, with 13,285 customers still in debt. The overdue debt ratio was 0.04%, a decrease of over 13 times compared to 2014 when Directive No. 40-CT/TW was issued.
The issuance of Directive 40-CT/TW has mobilized resources of the entire political system for policy credit activities, creating favorable conditions for the poor and other policy beneficiaries to have capital to invest in production and business. Especially, it helps to increase income and living standards; escape poverty and gradually become rich; children of poor, near-poor and disadvantaged families have the opportunity to study, overcoming the situation of dropping out of school due to difficult circumstances.
At the same time, the Social Policy Bank has a savings deposit service through the Savings and Credit Group to create favorable conditions for borrowers to deposit savings monthly, get used to accumulating to repay debts as well as reinvest. Through the policy credit channel, the poor and other policy subjects have promoted their internal strength in accessing banking and financial services, market production, borrowing and repaying, overcoming the situation of waiting for the State and society to give them free money.
After 10 years of implementing Directive No. 40 and Conclusion No. 06, it has created favorable conditions and improved the capacity and efficiency of policy credit activities at the local level. In addition to the central capital source, with the attention to supplementing local capital resources, it has created additional capital sources to help the VBSP meet the maximum borrowing needs of the poor, near-poor, escaped poverty, and students in difficult circumstances; partially meeting the capital needs to create jobs for production and business of the people. Thereby, contributing to the goal of poverty reduction, annual job creation; limiting black credit, stabilizing the local economy and society.
It can be affirmed that Directive 40-CT/TW and Conclusion No. 06-KL of the Secretariat have demonstrated the Party's deep concern for the poor and policy subjects; social policy credit is a policy of the Party and State with profound humanity, welcomed and supported by the people...
Source: https://thoibaonganhang.vn/chi-thi-40-chu-truong-lon-hop-long-dan-153209.html
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