Equipping credit operation knowledge for cooperative staff

(Baonghean.vn) - On October 13 in Vinh City, the Provincial Cooperative Union organized a training course on internal credit activities for agricultural cooperative staff. The course was attended by 70 students representing cooperatives in the province.

Internal credit is an auxiliary activity in the cooperative, in which the members of the cooperative voluntarily participate and are responsible for the results of the activities. In the internal credit activities of agricultural cooperatives, the lenders and borrowers are all members of the cooperative. The State is not financially responsible for the risks of the internal credit activities of the cooperative. Any capital loss from internal credit activities is the responsibility of the members and the cooperative to handle according to the provisions of law.

The purpose of internal credit is for the cooperative to support a part of capital for members to produce and do business; not for profit, but must preserve capital and fully cover the costs of internal credit activities. The cooperative only uses a part of the charter capital and can use additional capital mobilized from members to lend to members.

Students attending the course.

The training course provides the cooperative management team with information on: Legal regulations, business and management processes; operational organization processes, guidance on developing projects and internal credit operating regulations in cooperatives. Disseminate Circular No. 15 of the State Bank guiding internal credit in cooperatives. Accordingly, cooperatives use charter capital and mobilized capital from members to lend to members in the same cooperative.

The Management Board of Toan Thang Agricultural Cooperative in An Hoa Commune (Quynh Luu) cooperates with businesses to purchase chili peppers for members.

The course aims to help cooperative staff grasp the current legal regulations on internal credit activities. At the same time, they can perform internal credit operations in agricultural cooperatives; manage internal credit activities well, including: Planning, organizing internal credit processes, controlling risks and evaluating internal credit effectiveness.

Quynh Lan