Yen Thanh District Social Policy Bank accompanies in building new rural areas

Tung Chi September 14, 2018 08:36

(Baonghean) - In recent years, the 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.

Promoting 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 acres 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 has invested in raising over 80,000 frog breeds and nearly 1000 kg 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 properly...".

Từ vốn vay Ngân hàng CSXH, gia đình anh Phạm Văn Vinh ở xóm Giáp Bổn, xã Long Thành đầu tư nuôi ếch hiệu quả. Ảnh: Tùng Chi
With a loan from the Vietnam Bank for Social Policies, Mr. Pham Van Vinh's family in Giap Bon hamlet, Long Thanh commune invested in frog farming effectively. Photo: Tung Chi

Long Thanh commune is a low-lying area, people's lives still face many difficulties. However, since the loans from the Social Policy Bank, especially preferential loans for poor households, 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 is 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.

Mô hình nuôi vịt ở xã Tiến Thành (Yên Thành). Ảnh: Tùng Chi
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 registered 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 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 lent 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 loan programs for poor households, near-poor households, production and business households in especially difficult areas, directly investing in production and business development; the loan program to support housing for poor households; the program to create jobs for rural workers... have really brought into play their effectiveness. 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 loan balance 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 balances. From the beginning of the year to August 2018, the loan turnover was 151 billion VND, debt collection turnover was 118 billion VND.

Lãnh đạo Ngân hàng CSXH Yên Thành kiểm tra hiệu quả vốn vay ở xã Long Thành, Yên Thành. Ảnh: Tùng Chi
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' Representative Board more effectively on exploiting 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 to give the poor and policy beneficiaries more access to modern savings and payment tools of banks.

Yen Thanh district is the locality with the largest number of communes reaching the NTM standard in the province, with 25/38 communes. The goal is to have 9 more communes meeting the NTM standard by the end of this year; the remaining communes will increase by 2-3 criteria/commune. The district strives to reach the NTM standard by 2020. It can be affirmed that the preferential loans from the Bank for Social Policies have helped thousands of poor households, near-poor households and other policy beneficiaries in Yen Thanh district have more conditions to improve their lives, constantly improving the quality of income criteria. From there, people join hands and contribute to build and develop their homeland, effectively implementing the National Target Program on NTM construction.

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Yen Thanh District Social Policy Bank accompanies in building new rural areas
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