Recently, the employment loan program (GQVL) implemented at the Transaction Office of the Social Policy Bank of Nhu Thanh District (NHCSXH Nhu Thanh) has achieved high growth. Policy capital has been effectively promoted, creating motivation to help many local workers boldly invest in starting businesses, expanding production scale, and increasing income.
Identifying that GQVL loans are one of the important credit channels to support people with more "fishing rods" to develop the economy and reduce poverty sustainably, Nhu Thanh Social Policy Bank has actively, fully, promptly and publicly implemented policies related to the GQVL loan program to 100% of transaction points in communes and towns in the district; coordinated with departments, offices, organizations and unions from district to commune levels to promote propaganda, guidance and create the most favorable conditions for people to access capital sources. At the same time, proactively develop annual targets and plans, promptly transfer capital to beneficiaries and strengthen inspection and supervision of capital use to bring the highest efficiency... Every year, based on the capital demand from localities, Nhu Thanh Social Policy Bank flexibly implements solutions to balance credit capital assigned by superiors, accelerates the collection of loans due to organize revolving loans, and disburses capital to workers in need of loans. As of June 10, the total outstanding debt of the GQVL loan program in the district reached nearly 37.56 billion VND with 473 customers borrowing capital. The capital from the GQVL loan program has contributed to economic recovery after the COVID-19 pandemic, the loans are disbursed promptly, becoming a fulcrum to help workers restore production, business, and stabilize their lives.
Through the lending organizations of associations and unions, Nhu Thanh Social Policy Bank has lent to the right subjects and loan content, the procedures and loan applications were processed quickly and effectively, all households borrowed capital to the right subjects and used the loan capital effectively. In Ben Sung town, the GQVL policy credit capital has effectively supported households to develop local industries, create more jobs for many workers, increase income for people, and ensure social security. Determined to develop the economy and improve family life, in early 2023, Mr. Nguyen Song Phuong in Xuan Dinh quarter, Ben Sung town boldly made a profile and was lent 100 million VND by Nhu Thanh Social Policy Bank to invest in expanding a fruit tree farm and raising snails. Currently, the farm generates an annual income of more than 200 million VND, creating jobs with stable income for 4 workers.
Director of the Bank for Social Policies of Nhu Thanh Nguyen Van Tien said: Through the implementation, it has been shown that the capital source of the GQVL loan program has become a fulcrum to help workers in the district restore production, business, and stabilize their lives. In order for this capital source to be effective, open up many job opportunities as well as meet the borrowing needs of workers, the unit will continue to advise the District People's Committee to pay attention to transferring the entrusted capital source to the Bank for Social Policies for lending. In addition, the Bank for Social Policies of Nhu Thanh strengthens the inspection and collection of due debts, speeds up capital turnover to create more borrowing opportunities for workers in need, contributing to the completion of the district's annual job creation target, ensuring sustainable poverty reduction and social security. Striving for the quarterly growth rate of the GQVL loan program to reach 5 - 7%.
Article and photos: Khanh Phuong
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