Yen Thanh District Social Policy Bank accompanies in building new rural areas
(Baonghean) - In recent years, Yen Thanh District Social Policy Bank has actively implemented preferential credit programs for poor households and policy beneficiaries, contributing to the implementation of new rural construction criteria in the district.
Promote the effectiveness of loan capital
The family of Mr. Pham Van Vinh in Giap Bon hamlet is one of the poor households in Long Thanh commune (Yen Thanh) with two children studying at universities and colleges, while the family's income only depends on a few fields of rice, so life is extremely difficult. Through the Commune Farmers' Association, in 2017, his family received a loan of nearly 50 million VND from the District Social Policy Bank, he invested in raising over 80,000 frog breeds and nearly 10000 tons of frog meat each year, bringing high economic efficiency.
Mr. Vinh shared: “Thanks to the capital from the District Social Policy Bank, combined with my family's capital and the help of friends and relatives, I have invested in building a frog farming model. From now on, my family's economy is better, I have the conditions to take care of my children's education..."
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With a loan from the Bank for Social Policies, Mr. Pham Van Vinh's family in Giap Bon hamlet, Long Thanh commune invested effectively in frog farming. Photo: Tung Chi |
Long Thanh Commune is a low-lying area, where people's lives still face many difficulties. However, since the introduction of loans from the Bank for Social Policies, especially preferential loans for the poor, many directions have been opened to help people escape poverty, develop production, and increase income. Therefore, the government and associations have closely coordinated with the Bank to implement solutions to ensure the most effective use of loan capital.
According to Mr. Doan Ngoc Ha - Chairman of Long Thanh Commune People's Committee: In 2014, the commune reached the NTM target, in which there was a significant contribution from preferential loans from the district's Social Policy Bank, lending capital to households to sustainably escape poverty... Currently, the commune's outstanding debt at Yen Thanh District Social Policy Bank is 21 billion VND with 650 households still in debt, overdue debt of only 6 million VND. Since the beginning of the year, Yen Thanh District Social Policy Bank has disbursed 5 billion VND to 150 households of Long Thanh Commune to borrow capital for socio-economic development.
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Duck farming model in Tien Thanh commune (Yen Thanh). Photo: Tung Chi |
Responding to the emulation movement "All people join hands to build new rural areas in the period of 2010 - 2020", Yen Thanh District Social Policy Bank has advised and prioritized the allocation of capital appropriately. Particularly for communes that register to reach the finish line each year, the District Social Policy Bank has reviewed the capital needs of all policy credit programs to deploy sufficient loans, contributing to helping localities soon complete the criteria. Loan capital for poor households and policy beneficiaries is transferred to borrowers, through the entrustment to 4 political and social organizations and a network of nearly 628 savings and loan groups in 39 communes and towns.
Ms. Nguyen Thi Dao in Dong Tron hamlet, Tien Thanh commune (Yen Thanh) said: "Recently, implementing the preferential credit loan program for poor and near-poor households of the district's Social Policy Bank, we have reviewed and provided loans to a number of members to develop the economy. Up to now, many members have risen up to build effective models..." It is known that the outstanding debt of Tien Thanh commune has reached over 16 billion VND with 470 borrowing households.
Actively support loans for new rural construction
With the implementation of 10 credit programs, notably the programs for lending to poor households, near-poor households, production and business households in particularly difficult areas, directly investing in production and business development; the program for lending to support housing for poor households; the program for creating jobs for rural workers... have really been effective. The capital source of the District Social Policy Bank is one of the important channels, helping people invest in production development, significantly changing the face of the countryside.
By the end of July 2018, the total outstanding loans of the district's credit programs of the district's Social Policy Bank reached over 610 billion VND, with more than 20,700 borrowers. Of which, some preferential loan programs for poor and near-poor households; loans for construction of clean water and rural environmental sanitation projects have large total outstanding loans. From the beginning of the year to August 2018, the loan turnover was 151 billion VND, debt collection turnover was 118 billion VND.
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Leaders of Yen Thanh Social Policy Bank check the efficiency of loans in Long Thanh commune, Yen Thanh. Photo: Tung Chi |
Talking about the direction of promoting bank capital in the coming time, Mr. Phan Huu Trang - Director of Yen Thanh District Social Policy Bank said: "In order for policy credit capital to increasingly promote its effectiveness in hunger eradication, poverty reduction, economic development associated with new rural construction, the District Social Policy Bank will advise the Board of Directors more effectively to exploit entrusted investment capital sources in the locality.
Coordinate more effectively with entrusted associations and organizations to strengthen training and propaganda to improve the quality of comprehensive sustainable credit and mobilize savings channels, so that policy credit is both an investment resource and economic development, hunger eradication and poverty reduction, and so that the poor and policy beneficiaries have more access to modern savings and payment tools of banks.