Financial solutions promote sustainable development

In the current context, green economy, green growth, green transformation have become inevitable, objective trends, and strategic goals of many countries. However, to achieve the goals of green growth and green transformation, large and guaranteed financial resources are needed. Grasping market demand, in the spirit of striving to achieve the goal of "for community development", Thanh Hoa Microfinance Institution (TCVM) has introduced green loan products to support individuals and businesses in environmentally friendly production and business activities, towards sustainable development.

Thanh Hoa Microfinance staff consult and introduce green loan products to customers.

As an organization operating with the goal of "for community development", aiming at a balance between business interests and community interests, Thanh Hoa Microfinance Organization not only provides financial products and services to customers who are poor, low-income, disadvantaged households, micro-enterprises... but also focuses on building solutions to promote sustainable community development, thereby contributing practically and effectively to the creation of an inclusive financial ecosystem, supporting green business models, and creating sustainable values.

Green loan is a credit product designed specifically for subjects with production and business activities in fields related to environmental protection and natural resource protection such as: Reducing environmental pollution; planting/nursing industrial trees; producing and trading clean food and environmentally friendly products; raising livestock with waste treatment systems/biological bedding; installing clean water systems, building biogas tanks; collecting waste from agricultural and forestry production; developing electricity and renewable energy...

This credit product has outstanding features such as preferential interest rates, loan terms of up to 36 months, and flexible repayment methods, bringing many practical benefits to borrowers. In addition, the loan approval process is simplified, loan procedures are quick, helping customers easily access capital sources. In particular, capital collection and disbursement transactions can be carried out directly at the village/town cultural house, creating maximum convenience for people, especially in rural areas.

Green loans help customers optimize costs to focus financial resources on investment, production, and business, thereby encouraging spirit, multiplying motivation and determination to develop, towards sustainable values. Promoting environmentally friendly business activities will help minimize negative impacts on the ecosystem, protect human health, and raise public awareness of green economy, green transformation, green growth, etc.

Thanh Hoa Microfinance Institution with a team of dedicated and friendly credit officers, always accompanies customers throughout the loan process. This support does not stop at the financial aspect but also helps customers build effective and sustainable business models. To date, Thanh Hoa Microfinance Institution has had 40 individuals/business households register for green credit loans with a total outstanding debt of 1.4 billion VND.

Access to green capital sources such as green loans from Thanh Hoa Microfinance Organization is the right direction for sustainable economic development. This product not only meets people's financial needs but also contributes to building a "green future".

Article and photos: Hoang Linh

Source: https://baothanhhoa.vn/giai-phap-tai-chinh-thuc-day-su-phat-trien-ben-vung-239652.htm