Implementing Resolution No. 11/NQ-CP of the Government on the Socio-Economic Recovery and Development Program, the Social Policy Bank (SPB) of Yen Bai province has focused on accelerating disbursement and bringing preferential credit policy capital to poor and near-poor households and policy beneficiaries. Thereby, contributing to helping people overcome difficulties, quickly stabilize their lives, contributing to ensuring social security, promoting socio-economic recovery and development in the area after the impact of the COVID-19 pandemic.
With the goal of quickly recovering and developing production and business activities, facilitating businesses and economic organizations and ensuring social security and people's lives, especially workers, the poor, the disadvantaged, and those heavily affected by the pandemic, Resolution No. 11 was issued. The Resolution was implemented with 5 loan packages, especially a loan package to support job creation, job maintenance and expansion. From this loan source, many households in the province have overcome difficulties, increased their income and many households have become well-off households in the locality.
Van Yen district is one of the localities in Yen Bai province that effectively implemented this Resolution. Ms. Ha Thi Huong - Khe Cham village, Dong Cuong commune, Van Yen district is a household that received a preferential loan of 95 million VND from the job creation capital of the Social Policy Bank of Van Yen district. With this amount, Ms. Huong spent all the capital along with her savings to build barns and raise pigs, chickens, ducks and invest in rice milling machines to serve her family and people in the commune.
After many years of small-scale farming, thanks to preferential capital, she has shifted her farming to a more commercial and professional direction. Now, in her barn, there are always dozens of pigs for meat, hundreds of chickens, ducks and cinnamon. Because she has a lot of experience in farming, each batch of pigs, chickens and ducks brought her family profit, with a stable income, Ms. Huong's family has risen to become a well-off district in the commune.
“In 2023, my family was lent 95 million VND by the district Social Policy Bank with a low interest rate and the family invested in livestock farming within 5 years before having to pay it back. With that loan, I invested in expanding livestock barns and investing in rice milling machines to serve my family and people in the commune. After a year, my family had a stable income of over 200 million VND. Thanks to the capital, my family had a secure amount of money to invest without having to worry about borrowing from many places,” Ms. Ha Thi Huong happily shared.
Similar to Ms. Huong's family, Mr. Tran Quang Thuan's family in Ben Den Village received a loan of 85 million VND from the district's Social Policy Bank to switch to the business of making votive offerings to serve visitors to Dong Cuong Temple. Mr. Thuan added that since receiving the loan, his family has expanded their business and hired more workers. Currently, his family has 8 workers serving the store. When expanding the store, his family's income has increased significantly. By the end of the year, after deducting expenses, his family earned over 200 million VND.
Currently, the Social Policy Bank of Van Yen district is implementing 18 preferential credit programs with a total outstanding loan balance of 740 billion VND, with more than 13,000 customers borrowing capital. Of which, loans to create jobs, maintain and expand jobs for workers according to Resolution 11/NQ-CP dated January 30, 2022 of the Government are 35,400 million VND with 559 workers receiving loans.
Mr. Hoang Ngoc Giang - Director of the Social Policy Bank of Van Yen district said: In the past time, the Social Policy Bank of the district has advised the Board of Directors to send documents to communes, towns, and other organizations to coordinate with the bank to regularly guide the use of loans for borrowers. At the same time, check and use loans after 30 days from the date of disbursement. Through regular inspection, most of the households that received loans used the loans for the right purposes and were effective, and the borrowers paid their debts on time. At the same time, the capital source has been effective, contributing to improving people's lives and increasing their incomes.
It can be seen that, following the effective policy credit programs, the implementation of Resolution No. 11/NQ-CP of the Government is one of the solutions to create more motivation and "resilience" for the economy, ensure social security, and support people to overcome difficulties caused by the impact of the COVID-19 pandemic.
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