Recorded in Thang Binh
In 2022, the budget of the People's Committee of Thang Binh district entrusted to the Transaction Office of the Social Policy Bank (CSXH) of the district to lend to poor households and policies in the area was 1.2 billion VND. By 2023, the entrusted capital in Thang Binh had increased to 1.5 billion VND; in 2024 it was 2 billion VND.
Mr. Tran Quoc Tuan - Director of the Transaction Office of the Social Policy Bank of Thang Binh district said that recently, along with the allocated capital of the provincial and central Social Policy Bank, the entrusted capital from the district People's Committee budget has promoted 16 preferential loan programs for local people.
Including loans for poor households, near-poor households, households that have just escaped poverty, loans for job creation, loans for labor export, loans for production and business in difficult areas...
"We urgently disburse capital for people to do business, increase income, improve life, and promote socio-economic development in the area," said Mr. Tuan.
Vice Chairman of the Provincial People's Committee Tran Anh Tuan - Head of the Board of Representatives of the Quang Nam Social Policy Bank requested localities in the province to continue focusing on mobilizing lending resources, especially local budget resources entrusted to the Social Policy Bank to increase lending capital for poor households and other policies, ensuring that 100% of people in need and eligible can borrow policy credit.
“Local capital entrusted to policy banks needs to continue to promote its role in sustainable poverty reduction, job creation, new rural development, and social security. Thereby, it will limit usury and black credit in rural areas, remote areas, and ethnic minority areas,” Mr. Tran Anh Tuan emphasized.
Ms. Huynh Thi Hanh's household (Thai Dong village, Binh Nam commune) borrowed 100 million VND from the Transaction Office of the Social Policy Bank of Thang Binh district to invest in making rice paper.
With 150kg of rice per day, Mrs. Hanh's household produces 145kg of rice paper and sells it to small traders, grocery store owners, wholesale markets, supermarkets, and shopping centers, earning a good profit. Mrs. Hanh's household has created additional jobs for 5 local workers with an income of 5 million VND/person/month.
“Thanks to preferential loans from the policy bank, my family has invested in machinery for production, increased output and productivity, reduced costs, and increased competitiveness in the market,” said Ms. Hanh.
Mr. Pham Van Tai - Head of the Savings and Loan Group of Thai Dong village said that the group's current total outstanding debt is more than 1.5 billion VND with 29 households borrowing capital. Thanks to access to preferential loans, local people have effectively invested in livestock, crop cultivation, aquaculture, etc.
“People’s need for loans to do business, invest in clean water, sanitation, environment and educate their children is very high. After borrowing, people invest effectively, repay debts on time and save to increase capital to help other households have the opportunity to access preferential loans,” said Mr. Tai.
Boost from increased trust capital
Currently, Hoi An City is the locality that entrusts the largest budget to the provincial policy bank with 8 billion VND in 2024. Next is Tam Ky City with 6.2 billion VND; followed by Nui Thanh, Phuoc Son, Thang Binh districts...
Mr. Nguyen Van Lanh - Vice Chairman of Hoi An City People's Committee, Head of the Board of Directors of Hoi An Social Policy Bank said that the demand for preferential loans of local people to invest in the economy and society is very large.
In recent years, although budget revenue has been facing many difficulties, Hoi An has still made efforts to balance local capital entrusted to the Transaction Office of the Social Policy Bank to lend for many preferential programs.
Ms. Nguyen Thi My - Director of the Transaction Office of the Social Policy Bank of Hoi An City said that the local budget has increased capital sources, thereby making it easier to implement preferential loan programs.
The results have been great, up to now there has been no bad debt in the area because people who have done well in business have paid their debts on time. Along with that, borrowers have saved money to enrich their capital, continuing to lend to other households in need.
Mr. Hoang Thanh Lan - Head of Planning and Credit Operations Department (Social Policy Bank, Quang Nam Branch) said that in 2024, the capital entrusted by the Provincial People's Committee to the Social Policy Bank, Quang Nam Branch is 110 billion VND. That capital plus the capital entrusted by districts, towns and cities will increase to 142 billion VND in 2024.
According to Mr. Lan, the provincial policy bank, districts, towns and cities regularly coordinate closely with associations and unions to actively propagate the Party and State's policies on policy credit. Accelerate lending, integrate policy credit with other capital sources, inspect and supervise before, during and after lending... to promote the effectiveness of preferential credit.
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