The solid support of Do Luong people
(Baonghean.vn) - With the active support from preferential capital from the Vietnam Bank for Social Policies (VBSP), hundreds of households in Do Luong district have escaped poverty and stabilized their lives. Policy credit is becoming a "fulcrum" contributing to Do Luong district's efforts to complete medium- and long-term socio-economic goals.
"Power up" with policy loans
In Thuan Son commune, many people know the family of Nguyen The Tuyen (born in 1968) as a typical example of a poor household rising up to economic development. Tuyen is a member of the savings and loan group in Thuan Phu hamlet, Thuan Son commune. In 2007, the family had 6 members, 2 husband and wife were the main laborers and 4 children of school age. The whole family's life depended on a few fields of contracted rice, and there was no other income. They were poor households, with meals sometimes hungry and sometimes full.
Mr. Tuyen said: Because of the difficulties, my first two children graduated from grade 12 and went to work for a living. In 2008, my third child passed the entrance exam to Ho Chi Minh City University of Law. I was afraid that the economic difficulties would not allow me to have money to raise my children, but with the encouragement of the Savings and Loan Group of Hamlet 8 (now Thuan Phu Hamlet), I was brave enough.student loan programat the Social Policy Bank to invest in their children's education. Thanks to that, the family has enough money to cover the education costs for the third child, then the fourth child.
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| With a loan from the Vietnam Bank for Social Policies, Nguyen The Tuyen's family in Thuan Phu hamlet, Thuan Son commune, Do Luong district raises cows to develop the family economy. Photo: Thu Huyen |
Also in 2009, Mr. Tuyen borrowed 7 million VND to invest in buying a cow for breeding. In 2012, he had income from selling calves and had fully paid off the debt to the bank. In 2013, he continued to borrow 30 million VND from the loan program for near-poor households with the purpose of buying 1 more buffalo and 1 more cow for breeding and creating a herd. After paying off the bank debt of more than 100 million VND, in 2020, he escaped poverty and borrowed another 100 million VND to continue raising and producing livestock.
With the support of the Social Policy Bank in terms of loans, technical guidance in livestock raising from departments and branches and the efforts of my family, my family has been able to stabilize our lives and have additional income from livestock raising, production and business. Up to now, my family has escaped poverty and become a well-off household in the whole commune, with current assets of 15 buffaloes and cows worth over 300 million VND. In particular, my two youngest children have been able to go to school, have now graduated, have stable jobs and have high incomes. That is a dream that I never dreamed of before. In particular, the Social Policy Bank of Do Luong district, the Farmers' Association of Thuan Son commune and the savings and loan group where I live are the ones who have made great contributions to making my family's dream come true.
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| Nguyen Thi Thao's family farm in Giang Son Dong commune (Do Luong). Photo: Thu Huyen |
In Do Luong district, there is also the case of Mrs. Tran Thi Bien, 66 years old, Lam Son commune, whose husband died early when her child was still young, the mother and child live in a shack, working for a living. In 2018, the Social Policy Bank lent her 25 million VND, the Warm House Fund supported 25 million VND, and people and organizations helped her and her child build a 35m2 tiled house.2.
Next, Ms. Bien was supported by the Social Policy Bank, which lent her capital to buy a pair of breeding cows. Because the Social Policy Bank lent her money during difficult times, she was always conscious of saving money. It became a habit that every time someone hired her to do work, she immediately thought of saving 30,000 - 50,000 VND to save through the loan group. Now her son has found a job and is sending money back to his mother to gradually pay off the debt. She believes that this is her responsibility to the bank and to her neighbors. She borrows money so that others can borrow.
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| A family in Da Son commune, Do Luong district raises cows using a loan from the Policy Bank. Photo: Thu Huyen |
Currently, there are many effective policy loan models in the area, such as: Ms. Nguyen Thi Ly's family in Da Son commune, a near-poor household, borrowed 100 million VND (50 million VND each time) to invest in livestock farming and carpentry. Currently,policy capitaleffective, production and business are favorable, family economy is getting better and better. Or Ms. Le Thi Chung's household in hamlet 1, Dai Son commune, at the end of February 2021, Ms. Chung borrowed 50 million VND through the Farmers' Association loan group to buy 5 cows. Up to now, Ms. Chung's family's cow herd has developed well, the value of the cow herd has increased, Ms. Chung's family life has gradually stabilized...
Preferential credit accompanies the people
On siteDo Luong districtThere are currently about 266 farms and ranches for livestock and crops, and many of these cases are invested from loans from the Social Policy Bank.
According to Ms. Nguyen Thi Anh Quang - Vice Chairman of Do Luong District People's Committee, in recent years, the capital of Do Luong District Social Policy Bank has continuously increased, each year more than the previous year. In 2022, by the end of June, the total capital reached over 554 billion 152 million VND, of which the local budget reached 2 billion 771 million VND. The Social Policy Bank has effectively coordinated with entrusted socio-political organizations, disseminated loan policies, and promoted propaganda to raise the responsibility of using loans of poor households and policy beneficiaries. Thanks to that, many poor and near-poor households in the district have accessed preferential loans to improve their lives.
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| Mr. Pham Van Kieu's family in Hong Phong hamlet, Luu Son commune (Do Luong) borrowed 50 million VND from the People's Credit Fund to invest in aluminum and glass making machines and develop production and business. Photo: Thu Huyen |
By the end of June 2022, the Do Luong District Social Policy Bank had a total outstanding loan balance of over VND 552 billion 904 million, an increase of 8.77% compared to the beginning of the year. The capital has helped thousands of households develop production and business, escape poverty, and become rich legitimately.
With the view of eliminating poverty quickly but sustainably, we always review and focus on lending capital to newly escaped poverty households and near-poor households, promptly supporting them so that they do not fall back into poverty and have the momentum to rise up from policy capital sources. At the same time, we are focusing on directing the good implementation of Resolution No. 11 of the Government, creating conditions for beneficiaries to enjoy preferential capital sources in accordance with the prescribed regime, including: Computer loan program according to Decision 09/2022/QD-TTg, dated April 4, 2022 of the Government, Loan program to create jobs for subjects affected by the Covid-19 pandemic returning to their hometowns who need to borrow capital to develop production, Loan program to buy houses and build, renovate and repair houses for living according to Decree 100 of the Government...
In addition, entrusted organizations at all levels continue to strengthen propaganda and mobilize loan members to actively participate in monthly savings deposits; promote non-cash payments through the Social Policy Bank.
Along with sustainable poverty reduction, Do Luong district is on the way to urbanization, policy credit has allocated a significant amount of capital for loans to solve employment, production and business in difficult areas. According to the assessment of the government, departments and branches in the district, the way of doing social policy of the Bank for Social Policies is correct, accurate, effective, bringing vivid reality to the countryside.
Ms. Nguyen Thi Anh Quang - Vice Chairman of Do Luong District People's Committee said that the positive results of the activitiespolicy creditin the area is contributing with Do Luong district to strive to complete the goals: By 2023, achieve new rural district status, by 2025 become a district strong in economy, culture - social development, towards establishing Do Luong town...
