Over 73,000 Dak Nong households receive policy loans

Improve the quality of savings and loan groups' operations

The Dak R'lap Social Policy Bank Transaction Office currently has 240 savings and credit groups (S&L) at the grassroots level. Of these, most of the groups are operating well. According to Mr. Mai Van Nam, Director of the Dak R'lap Social Policy Bank Transaction Office, the unit always carries out the improvement of the operations of S&L groups every year. Through this work, the unit analyzes the causes of weak groups.

Dak Nong Social Policy Bank staff went to people's homes to grasp loan needs

Based on the analysis, the Transaction Office has a specific solution. For teams that perform well, the Transaction Office will promptly reward and replicate the model for other teams to follow.

Along with improving operations, the District Social Policy Bank Transaction Office also provides knowledge to the management board of the Savings and Credit Groups. Through professional training and improving capital management skills, the groups are increasingly operating effectively.

“This is an important system that acts as a “bridge” to bring State capital to the people. The Savings and Credit Group also helps us closely monitor the use of capital by the people,” said Mr. Nam.

By the end of November 2024, Dak R'lap district had more than 10,000 households receiving preferential loans, with outstanding loans of over VND 550 billion. All households used the loans for the right purposes and effectively.

Dak Mil District Social Policy Bank (Dak Nong) provides professional training for the team of Savings and Credit Team Leaders

In Dak Glong district, along with the improvement of savings and credit groups, the loan process is always built by the District Social Policy Bank Transaction Office in a way that is convenient for the people.

For each loan customer, the Social Policy Bank will issue a loan book, with a customer code used throughout the loan process. This book contains full customer information, so it will replace all types of documents and forms that must be filled out to apply for a loan as before.

Mr. K'Ngai, Director of the Dak Glong Social Policy Bank Transaction Office said: "With this reduction, unnecessary procedures will be simplified by our bank. From here, people will be able to access capital in the fastest and most effective way."

People in Dak R'lap district are entitled to preferential loans from the Vietnam Bank for Social Policies to develop the economy.

Ms. Nguyen Thi Quy, Dak Som commune, Dak Glong district, has just received 70 million VND from the district's Social Policy Bank under the loan program for newly escaped poverty households. According to Ms. Quy, all procedures and documents were guided by the Savings and Credit Group. The family does not have to mortgage assets to the bank as collateral.

“The family received the loan very quickly. From the time the application was reviewed and processed to the time the bank disbursed the loan, it took less than a week. During the difficult time of the pandemic, the loan was timely, helping us invest in time for the harvest season,” Ms. Quy shared.

Close coordination mechanism

The role of local authorities, political and social organizations at all levels in the implementation of policy credit programs is very important. Therefore, in recent times, coordination with associations and unions has been focused on by the Dak Nong Social Policy Bank.

Currently, the capital source entrusted by the Social Policy Bank through 4 socio-political organizations is more than 4,600 billion VND. According to Deputy Director of the Social Policy Bank Dak Nong Branch Vu Anh Duc, for the entrusted units, the Social Policy Bank coordinates to open professional training courses.

Many topics on credit quality, solutions to improve credit quality, etc. are regularly deployed by the branch to all levels of the association. The entrusted units have proactively planned to inspect, monitor and improve the quality of entrusted credit in the area.

Dak Mil District Social Policy Bank (Dak Nong) transacts with local people

Dak Nong Social Policy Bank closely coordinates with local authorities to organize transactions at commune transaction points on fixed days. All lending activities, interest collection, principal debt collection, and savings deposits are carried out at commune transaction points.

Through transaction activities, the Social Policy Bank also organizes meetings with localities to evaluate lending activities during the month. Many difficulties and problems will be resolved by the participating parties right here. To date, 71/71 communes and wards have effective transaction points.

By the end of November 2024, Dak Nong had over 73,000 households receiving preferential loans from the State through the provincial branch of the Vietnam Bank for Social Policies, with a total outstanding debt of over VND 4,600 billion.

Source: https://baodaknong.vn/tren-73-000-ho-dan-dak-nong-duoc-vay-von-chinh-sach-236991.html