Tan Ky effectively promotes preferential loans

Many good models of women members

Among the organizations that receive entrusted loans in Tan Ky, the District Women's Union is evaluated as effectively managing loan capital, with many members who have borrowed capital and overcome difficulties to become rich legitimately.preferential loans. Among them, Ms. Nguyen Thi Hue - a member of the Tan Thuan Hamlet Association, Nghia Dung Commune. With 50 million VND in loans from the Tan Ky District Social Policy Bank Transaction Office, Ms. Hue has gradually affirmed her efforts in labor production, family economic development and become a typical example of a good economic woman in Nghia Dung Commune.

The family of Ms. Hue and Mr. Hoa in Tan Thuan hamlet is a poor household with difficult circumstances. The couple has done many jobs to earn money to support their lives, but poverty has always haunted their family. With their will and determination, the couple has gradually risen up to become rich legitimately in their homeland.

Ms. Nguyen Thi Hue, a member of the association at Tan Thuan hamlet, Nghia Dung commune, Tan Ky district, borrowed capital from the Vietnam Bank for Social Policies to grow green squash with high efficiency. Photo: Viet Phuong

Realizing that the local soil and climate conditions were suitable for the growth and development of watermelon, the couple decided to invest in planting 5 sao on alluvial land. However, due to limited knowledge of science and technology as well as capital, she encountered many difficulties, the products were unstable in price and not yet accepted by the market. In 2018, after being trained by the Commune Women's Union on vegetable, root and fruit growing techniques, Ms. Hue boldly borrowed 50 million VND from the Social Policy Bank to invest and switch to growing squash and expand the area to 11 sao.

Since switching to growing green squash, the economic efficiency has been much higher. On average, 1 sao of squash yields more than 3 tons of fruit, sold in the field at a price of 6,000 VND to 7,000 VND/kg, with revenue reaching nearly 20 million VND/sao/crop, after deducting expenses, the profit is 15 million VND/sao/crop. The total annual income of Ms. Hue's family from the green squash growing model is over 300 million VND.

Ms. Nguyen Thi Hue in Tan Thuan hamlet, Nghia Dung commune

Not only is she good at business, Ms. Hue is also an excellent member who actively participates in the activities of the Women's Association as well asSavings and Loan GroupTan Thuan hamlet, regularly shares production experiences with women, supports and helps with capital for women in the association who are in difficult circumstances. Preferential capital from the Tan Ky District Social Policy Bank has helped Ms. Hue's family escape poverty and become a well-off household, with the conditions to raise 2 children to study and build a happy family life.

Snail farming model of Nguyen Thi Kieu's family - a member of the women's association in Dong Nhat hamlet, Tan Phu commune. Photo: Viet Phuong

Also in the women's union, in addition to Ms. Hue's effective loan model, there is also a snail farming model of Nguyen Thi Kieu's household, a member of the women's union of Dong Nhat hamlet, Tan Phu commune. Previously, Ms. Kieu was a near-poor household. In 2017, the district's Social Policy Bank lent her 50 million VND to invest in building a black apple snail and eel farming model on an area of ​​over 2,000 m². Currently, Ms. Kieu's family earns over 150 million VND each year, and the family's economy is getting better and better. Similarly, Ms. Vo Thi Hoa - a member of the Women's Union of Hamlet 7, Nghia Dong Commune, borrowed 50 million VND from the Vietnam Bank for Social Policies to invest in developing her farm economy. She is currently raising 19 buffaloes and growing 1.5 sao of highly effective asparagus.

Strengthening credit quality management

Mr. Cao Truong Dinh - Deputy Director of the Tan Ky District Social Policy Bank said: The total capital under management is currently over 501 billion VND, an increase of more than 6 billion VND compared to the beginning of the year. The loan turnover in the quarter was nearly 27 billion VND, with 538 households receiving loans since the beginning of the year, each household receiving an average loan of 50 million VND. The total outstanding debt reached 500 billion VND, completing 100% of the assigned plan with 16 credit programs, 10,835 households borrowing capital. In the first quarter of 2022, we advised the District People's Committee to transfer the entrusted budget capital for loans of 300 million VND, and the Commune People's Committee transferred 200 million VND. Up to now, the totalbudgetary resourcesThe local budget is 2 billion 932 million VND, of which the district budget is 1,938 billion VND; the commune budget is 994 million VND, completing 99% of the 2022 plan.

The total outstanding loan balance entrusted to organizations by the beginning of April was 496 billion VND, accounting for 99.17% of the total outstanding loan balance. Of which, the Women's Union lent the largest amount with 153.6 billion VND, followed by the Farmers' Association with 131.451 billion VND, the Veterans' Association with 117.387 billion VND, and the Youth Union with nearly 94 billion VND.

Basically, at the grassroots level, the assessment of loans to the right beneficiaries has been organized; the inspection work has been regularly paid attention to by the Bank and commune-level organizations; the work of urging customers to repay debts, pay interest and mobilize savings through the group has been well done. The members who are the chairmen of the People's Committees of communes and towns have paid attention to directing the good performance of their tasks in implementing the policy credit program, ensuring loans to the right beneficiaries according to regulations, approving the list of poor households and policy borrowers. The members of the representative board also directed the hamlet chief and block chief to coordinate with the Vietnam Bank for Social Policies, socio-political organizations, savings and loan groups to managepolicy credit capitalin the area; monitor and help borrowers use capital for the right purpose and effectively; urge borrowers to repay debts and bank interest fully and on time; actively participate in handling risky debts...

Many economic models entrusted by the Tan Ky Women's Association for lending have been effective. Photo: Viet Phuong

However, in reality, there are still shortcomings, the direction of members who are the Chairman of the Commune People's Committee in implementing the credit plan targets is not close, leading to 12/22 communes having reduced outstanding debt. The results of capital mobilization according to market interest rates are not high. The outstanding interest in some communes is still high: the Town Farmers' Association, Nghia Dung Farmers' Association, Ky Tan Women's Association due to limited propaganda and urging of interest payment, especially for the student loan program, outstanding interest of overdue loans...

Sharing about the tasks in the coming time, Mr. Nguyen Van Thuc - Vice Chairman of the District People's Committee, Head of the Board of Directors of the Tan Ky District Social Policy Bank said: The District will continue to effectively implement Directive No. 40 of the Secretariat and Directive 31 of the District Party Committee on strengthening the leadership of the Party on social policy credit, focusing on enhancing the role of the Commune People's Committee Chairman in policy credit work. Take advantage of all capital sources from the superior Social Policy Bank, the local budget and mobilize savings to meet the borrowing needs of policy beneficiaries. Strengthen inspection and supervision in communes, focusing on inspecting areas with low credit quality to urge borrowers to repay debts on time, avoiding cases of taking advantage of policies, lending to the wrong beneficiaries, overlapping loans...