Nam Dan promotes effective credit policy to solve employment

Effective capital channel

For Ms. Pham Thi Mui in Nam Giang commune (Nam Dan), growing and taking care of flower gardens and ornamental plants is not only a job but also a passion since childhood. In 2020, Ms. Mui's family, through the Women's Union of the commune, wasVietnam Bank for Social Policies(CSXH) Nam Dan district created conditions for a loan of 100 million VND from the National Fund for Employment Support to develop the family economy. With the initial capital, Ms. Mui started importing flowers and ornamental plants to sell. Up to now, her family's economy has stabilized, not only paying off the bank loan but also saving and repairing a spacious, fully-furnished house. The couple has regular jobs, stable income, and the quality of life is increasingly improved.

Sharing about her business model, Ms. Mui said: "In recent years, as people's material and spiritual lives have improved, the demand for flowers and ornamental plants has increased. In 2020, I was fortunate to have access to preferential loans for job creation from the District Social Policy Bank, so I discussed with my husband to renovate the garden and boldly imported flowers and ornamental plants to sell. Although it was difficult at first, business is now much more favorable."

Ms. Pham Thi Mui in Nam Giang commune (Nam Dan) takes care of the flower garden invested by the Employment Development Loan from the Social Policy Bank. Photo: VP

In addition to importing available flowers for sale, she also cultivates and propagates a number of flowers and ornamental plants such as roses, bougainvillea, peonies, etc. to serve the needs of customers. In addition, the family also undertakes flower and grass planting projects in and outside the province, creating regular jobs for the other three sisters.

Not only taking care of the family's economic development, Ms. Mui's family is also always ready to share and help households in the commune with their experience in growing flowers and ornamental plants in their home gardens; actively participating in movement activities launched by the Women's Union and the locality. In 2021, she was recognized by the District Women's Union as a typical and advanced woman in economic development during the difficult pandemic period.

"Thanks to preferential credit loans, today my husband and I have stable jobs and have also created jobs for some women in the neighborhood," Ms. Mui shared.

Using a loan from the Social Policy Bank, Mr. Nguyen Van Hung in Nam Giang commune, Nam Dan district invested in a chicken and duck farm. Photo: VP

Currently, in Nam Dan district there are many models.loans to solve employmenteffective. Among them is the family of Mr. Nguyen Ha Trung in Sen 4 hamlet, Kim Lien commune. Starting in 2008, Mr. Trung borrowed 50 million VND from the job creation loan of the district's Social Policy Bank to develop his family's economy. Currently, his family has a 3.5-hectare livestock farm, digging ponds to raise fish and raise pigs...

Create conditions for people to access capital to solve employment problems.

From the beginning of 2022, the Nam Dan District Social Policy Bank has proactively followed the direction of the Central and Provincial Social Policy Bank, Resolution No. 11 of the Government on the socio-economic recovery and development program; Resolution No. 43 of the National Assembly on fiscal and monetary policies to support the program; Resolutions of the Board of Directors at all levels to focus on comprehensively directing all aspects of operations, disbursing to promptly and fully meet the capital needs for production and business of poor households, near-poor households and other policy beneficiaries. The Board of Directors' representative board has advised the People's Council and the District People's Committee to transfer 500 million VND to the Social Policy Bank for lending to poor households and other policy beneficiaries according to Directive 40, completing 100% of the plan assigned by the province in 2022.

Officers of the Social Policy Bank of Nam Dan district guide people to borrow capital. Photo: VP

Total capital by the beginning of April 2022 reached 428,917 billion VND, with a growth rate of 5.5%. Loan turnover in the first quarter of 2022 reached 42,888 billion VND. Some programs with large loan turnover include: loans for near-poor households, newly escaped poverty households, clean water and rural environmental sanitation... Total outstanding loans reached 428,921 billion VND, completing 100% of the assigned plan, with a growth rate of 5.5%, an increase of 1.7% over the same period last year. Implemented loans for 10 policy credit programs with 8,073 customers with outstanding loans.

Up to now, the total outstanding debt entrusted through the organizations has reached 427,852 billion VND, accounting for 99.9% of the total outstanding debt of the whole district, in which the Farmers' Association has the highest management, with over 156 billion VND; followed by the Women's Union, Veterans' Association, and Youth Union.

Mr. Nguyen Sy Hai - Director of the Social Policy Bank of Nam Dan district said that the bank is currently continuing to closely followResolution No. 11 of the Governmenton the socio-economic recovery and development program, Decision No. 09 of the Prime Minister on credit for students in difficult circumstances to buy computers and online learning equipment; guidance on lending procedures for students in difficult family circumstances to buy computers and online learning equipment by the General Director of the Bank for Social Policies. Actively carry out propaganda work at the local level on disseminating policies and guidelines, strengthening inspection and supervision of preferential policies, loan interest rate support, etc.

“In the coming time, to help people access and use loan capital effectively, the entrusted organizations and local authorities will continue to coordinate with the District Social Policy Bank to promote propaganda on policies and loan policies of credit programs, especially the job creation program so that people can access preferential credit capital from the State. At the same time, coordinate with functional agencies to provide job counseling, loan orientation, loan use goals, ensure loans are given to the right subjects, use loans effectively, contribute to hunger eradication, poverty reduction, and build new model rural areas in the commune and district.

Mr. Nguyen Van Hai - Director of the Social Policy Bank of Nam Dan district