Constantly innovating and improving the quality of services, operating safely and effectively, the People's Credit Fund (PCF) system in the province contributes to connecting the community, meeting the capital needs for investment loans to develop production and business of members, promoting local socio-economic development.
QTDND of Huong Lung commune, Cam Khe district guides people to carry out money transfer procedures quickly and conveniently.
The province has 39 funds operating in 77 communes, wards and towns. By the end of October 2024, the total operating capital of the funds was over VND 8,000 billion, the average operating capital reached VND 205 billion/fund; total outstanding loans were over VND 6,640 billion; customer deposits were over VND 7,100 billion. The funds promptly meet the capital needs of people to expand production and develop industries, thereby creating jobs for many local workers. Along with that, in order for people to use capital effectively, the funds create conditions for customers in terms of flexible interest payment time, simplify loan procedures, and add many incentives in deposit and loan interest rates.
In recent times, each fund has had a strategy to develop its brand, create trust and prestige with depositors and loan members. Thanks to active innovation, improving the quality of operations, accompanying and sharing difficulties with members, the QTDND system has become a reliable and prestigious address to help local people develop their economy. QTDND of Huong Lung commune, Cam Khe district has been in operation since the end of 2017. During its operation, the Fund has actively promoted and applied capital mobilization channels with diverse time and form of deposit, flexible interest rates, in accordance with the regulations of the State Bank. Currently, the Fund has over 700 members, total operating capital of over 175 billion VND, average profit of about 800 million VND/year.
Mr. Bui Tien Nam - Director of the Fund said: "The Fund lends money close to the borrowing needs, purposes, production and business cycles of customers, ensuring timely debt collection, limiting credit risks. The Fund provides money transfer services, implemented through the CF-eBank system of the Cooperative Bank; invests in modern computer systems, POS machines to meet the transaction requirements on the digital system of members. The Fund also actively consults, propagates, raises awareness of financial management, and effective use of capital for people".
In line with the digital transformation trend of the banking industry, helping to connect rural and urban areas, the People's Credit Funds in the province have marked their transformation with a series of digital banking products such as: Co-opBank Mobile Banking, Co-opbank Napas card, 24/7 fast transfer at the counter... 100% of the People's Credit Funds perform money transfer services via CF-eBank of the Cooperative Bank. Through modern digital banking products, the People's Credit Funds have enhanced their reputation, strengthened their position, diversified their products and brought many benefits to their members. This is not only a step forward in digitalizing financial services but also expands connectivity, creating favorable conditions for people's transactions.
The People's Credit Fund system is both an important "channel" for providing capital and a factor promoting the sustainable development of the local economy. In the coming time, the funds will continue to develop products and services for members to expand appropriate credit growth. Direct credit to production, business, priority areas and growth drivers, ensuring safe and effective credit operations. Actively modernize and synchronize technical infrastructure and data to deploy modern banking products and services, digital banking, gradually providing and developing digital banking services suitable to the conditions of the People's Credit Fund and the needs of customers and members in the area. Thereby, contributing to the effective implementation of the digital transformation task according to the policies and orientations of the Government and the State Bank.
Nguyen Hue
Source: https://baophutho.vn/nang-cao-hieu-qua-he-thong-quy-tin-dung-nhan-dan-224499.htm
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