Established in 1995, Dinh Tuong People's Credit Fund (QTDND) in Quan Lao town (Yen Dinh) has implemented a flexible lending mechanism, mobilized reasonable loans, built appropriate business plans, always accompanied members, contributed to promoting production and business development in the area. Thereby, it has affirmed its reputation and trust with customers, contributing to promoting the socio-economic development of the locality.
Many households in Dinh Tang commune (Yen Dinh) have received loans from Dinh Tuong People's Credit Fund to expand production and business effectively.
With the motto of safe and effective operation, in recent times, QTDND Dinh Tuong has closely followed the regulations in monetary business, flexibly adjusted the interest rates for capital mobilization, loan capital, and reduced cumbersome procedures in the appraisal process for loan members. Credit capital from QTDND Dinh Tuong is a "channel" to lead capital for production and business, creating a driving force to promote agricultural economic development, contributing positively to the economic development of localities. A typical example in the effective use of the fund's loan capital is the household of Mr. Le Ba Huynh in Dinh Tang commune. It is known that Mr. Huynh's family has been a loyal customer of QTDND Dinh Tuong for many years. Thanks to timely capital support, his family has been able to invest in expanding the farm to grow suitable crops and raise livestock and poultry, gradually developing the economy and building a stable life. Mr. Huynh said: “Before accessing the QTDND capital, my family had difficulty in farming and life was very difficult. Through the introduction and the QTDND Dinh Tuong created favorable conditions for a loan of 200 million VND, my family renovated the garden, planted suitable plants; at the same time, expanded the barn to raise breeding cows, rabbits, chickens, and soft-shell turtles. The family's current income is more than 700 million VND/year."
Following the direction of the State Bank - Thanh Hoa Provincial Branch, the socio-economic development orientation of the locality, the Dinh Tuong People's Credit Fund has proactively reviewed and studied the people's borrowing needs to develop appropriate plans and operating regulations to effectively implement credit solutions, contributing to joining hands with the locality to implement the poverty reduction program, improving the lives of local people. In credit activities, the fund proactively arranges and assigns staff according to their capacity, strengths and areas of responsibility to ensure capital safety, while focusing on inspection, supervision and ensuring that loan capital is used for the right purpose and effectively. One of the top criteria that the Fund's leaders pay special attention to is developing members, attracting members to contribute capital and deposit money. In particular, the fund always complies with the regime, maintains fund inventory after closing the books; Information reporting to the State Bank, functional agencies and local party committees and authorities ensures both content and time. Thanks to that, the Dinh Tuong People's Credit Fund has grown in scale and quality. By the end of July 2024, the fund had nearly 4,000 members, total mobilized capital of more than 270 billion VND, total outstanding loans reached more than 180 billion VND. Currently, the fund is focusing on lending to key industries and sectors, prioritizing investment in lending for production and business, creating products and goods, creating new jobs, increasing income, specifically: small-scale handicraft production, trade - service industries, restaurants, household appliances, electronics, furniture businesses, etc. The lending process has been improved, with convenient loan procedures, shortening time, reducing travel costs. From the fund's capital, many members have been proactive, sensitive, and seized opportunities to invest in production and business successfully, bringing high economic efficiency; creating more jobs and increasing family income. Not only focusing on investing capital, QTDND Dinh Tuong has focused on implementing many solutions to improve credit quality, inspection and control work is carried out regularly and promptly by the fund, establishing a strict management system, limiting risks, ensuring safe and effective operations. Since then, the fund has been highly appreciated by authorities at all levels, the State Bank - Thanh Hoa Provincial Branch for its rapid, stable and effective development, creating trust from local people.
With specific actions bringing practical results, QTDND Dinh Tuong has affirmed its role and brand to its members and local people in meeting the capital needs for production and business development. In the coming time, the fund will continue to ensure its operations in accordance with its purpose of supporting and helping members with capital to develop production, improve and enhance the material and spiritual life of members, and create community connections from members. Thereby, actively contributing to the process of economic restructuring in localities.
Article and photos: Minh Ha
Source: https://baothanhhoa.vn/quy-tin-dung-nhan-dan-dinh-tuong-ho-tro-thanh-vien-phat-trien-san-xuat-kinh-doanh-221008.htm
Comment (0)