Improving the efficiency of policy credit activities in Quan Son district

Representatives of the Savings and Credit Group and bank officers inspected the use of policy credit in Tam Thanh commune.

The Savings and Credit Group in Bon village, Tam Thanh commune is one of the effective groups, which has been trained in professional skills and disseminated the content of each credit program by the Quan Son Social Policy Bank. With the professional knowledge equipped, the Savings and Credit Group has performed its tasks well. Currently, the group has 36 members with a total outstanding loan of nearly 4 billion VND. To effectively manage capital, in regular meetings, the group leader often informs members of the amount of money that can be lent in each period, reminds and urges borrowers to repay debts and interest on time, and disseminates new policies of the Social Policy Bank. Participating in group meetings, members are also disseminated social knowledge, learn from economic development experiences, and increase income. Before each disbursement, the Savings and Credit Group in Bon village always organizes democratic, public, and appropriate review meetings, and guides borrowers to complete procedures in accordance with regulations.

The family of Mr. Do Xuan Son in Bon village is one of the households that effectively uses policy loans. Mr. Son said: “To develop production, capital plays an important role. Through the village's savings and credit group, I was guided on the policy credit program for job creation, easy access to capital, simple procedures, and quick disbursement. I hope that the savings and credit group and the bank will continue to create favorable conditions for loans to expand production.”

It is known that in 2024, Son's family was able to borrow 100 million VND from the Quan Son District Social Policy Bank to invest in breeding pigs. After more than 1 year of borrowing capital, his family's breeding model has developed with 2 breeding pigs and more than 40 pigs, with an average annual income of more than 200 million VND, creating stable jobs for 2 workers.

Quan Son district currently has 152 savings and credit groups lending capital to nearly 6,000 members with a total outstanding loan balance of nearly 450 billion VND, accounting for 96.8% of the total outstanding loan balance at the district's Social Policy Bank. To improve the quality of savings and credit groups, Quan Son district's Social Policy Bank and socio-political organizations that receive the trust coordinate closely in directing the implementation of reviewing, consolidating, and improving the quality of the groups' operations. Every month, the bank organizes regular meetings with the commune-level entrusted organizations and savings and credit groups to promptly handle problems in the process of using loans of the group members. At the same time, training is provided for association officials and the management board of savings and credit groups to evaluate the quality annually and promptly consolidate the organization.

Director of the Quan Son District Social Policy Bank, Le Hoai Nhon, said: "The bank's operating motto is not to let the poor who need and are eligible for loans not have access to capital. Since then, credit capital has been provided to 100% of villages and hamlets to ignite the enthusiasm for working to change their lives. Currently, the Quan Son Social Policy Bank is implementing 18 credit programs. To improve the quality of the savings and credit groups, the unit regularly organizes management training for members of the group management board; organizes exchanges between savings and credit groups to share experiences and learn from each other. At the same time, directs the group leaders to do a good job of guiding and creating conditions for households borrowing capital to know how to do business and repay debts on time."

Through the activities of the Savings and Credit Group, policy credit programs are increasingly penetrating deeply, not only helping the poor and policy beneficiaries have the opportunity to improve their quality of life, but also minimizing risks. With the method of "transaction at home, disbursement at the commune", the Social Policy Bank of Quan Son district has created a service system close to the people, friendly and responsible, saving transaction and travel costs for the people.

Article and photos: Khanh Phuong

Source: https://baothanhhoa.vn/nang-cao-hieu-qua-hoat-dong-tin-dung-chinh-sach-tai-huyen-quan-son-245662.htm