Support for farmers to improve their quality of life.
Thanks to loans from the Social Policy Bank, many members of farmers' associations in Nghe An province have been empowered to develop their economy and improve their quality of life. Policy credit has effectively contributed to the successful achievement of economic and social development goals and the building of the province's political system.
Maximizing the effectiveness of capital resources.
Determined to escape poverty, Mr. Ha Van Hau from Dong Chua hamlet, Nghia Dan commune, boldly borrowed 100 million VND from the job creation program in 2023 to invest in a buffalo breeding model, starting with 3 mother buffaloes.
Thanks to dedicated care, after two years, the buffalo herd has increased to five animals. Although market prices are sometimes volatile, the high quality of the buffaloes has ensured a stable market for his family, with prices ranging from 17 to 20 million VND per animal when sold.
Economically speaking, the model generates a net profit of 70-80 million VND per year, including income from fertilizer. "Thanks to this loan, I have the opportunity to develop my family's economy, build auxiliary facilities, and invest in my children's education," Mr. Hau happily stated, expressing his gratitude to the Farmers' Association of the commune for providing technical support and methods for disease prevention.
Also in Nghia Dan commune, in 2024, Ms. Nguyen Thi Than's family accessed a 50 million VND loan from the clean water and sanitation program. Thanks to this preferential loan, combined with the family's matching funds, Ms. Than invested in building a bathroom, a septic toilet, and drilling a well, ensuring a hygienic living environment.
Mr. Le Hong Tuyen, Director of the Nghia Dan branch of the Social Policy Bank, said: "Loan capital has helped farmer members invest in building livestock barns, purchasing plant and animal breeds, adding capital for production and business, and constructing sanitation and clean water facilities... This has helped change perceptions and farming practices, reduce costs and labor, and increase economic efficiency in agricultural production. To replicate such effective models, the Nghia Dan Social Policy Bank always cooperates with farmers' associations in the communes, working alongside farmers, assigning capable staff to regularly guide and inspect the use of loan capital for the right purposes and urging timely debt repayment. Thanks to this close management, the Savings and Loan groups operate effectively, borrowers use capital for the right purposes, and there are no overdue debts."
In Bich Hao commune, the economic development story of Mr. Nguyen Phung Hung's household in Hamlet 1 (formerly Thanh Tung commune) is a vivid example of the effectiveness of policy-based capital. Starting a livestock business faced numerous difficulties, especially a lack of capital. Mr. Hung's family found a way out thanks to a 50 million VND preferential loan from the Thanh Chuong Social Policy Bank in 2021. He used this capital to buy two cows and two buffaloes for breeding.
Capital acted as a "boost," giving Mr. Hung the confidence to invest in breeding cattle. By 2023, the model was developing well, and Mr. Hung continued to borrow an additional 50 million VND from the near-poor household program to expand the scale of production and breeding. As a result, the cattle herd thrived, bringing in a stable annual income of over 100 million VND.
Not only did the Social Policy Bank's capital help the family escape poverty, but it also fueled the educational dreams of Mr. Hung's children through a 40 million VND student loan package. Thanks to this comprehensive support, Mr. Hung's family has risen strongly, becoming a well-off household with a stable life and a brighter future.
Help nest functionHhome day the more firm strong
In order to effectively implement the joint programs between the Farmers' Association and the Social Policy Bank, the Provincial Farmers' Association has regularly directed its branches to effectively carry out the entrusted tasks and synchronously implement solutions to help preferential credit capital be used effectively.
Mr. Hoang Son Lam, Deputy Director of the Social Policy Bank of the province, said: "Not only do the Social Policy Bank and the Farmers' Association act as a bridge to help people access policy credit funds as quickly as possible, but they also actively coordinate with local authorities and relevant agencies and organizations to organize training, transfer scientific and technical knowledge, and guide people in choosing suitable crops and livestock to develop family economies, improve productivity and product quality, and use loan capital for the right purposes. To ensure the safety and effectiveness of loan capital, the units have assigned staff to directly monitor entrusted work, regularly inspect and supervise the activities of savings and loan groups. These activities have helped to promote the dissemination of the Party and State's policies to the people, contributing to the successful achievement of poverty reduction goals and ensuring social security."
According to representatives of the Nghe An Provincial Farmers' Association, in the past period, the Association directed the Farmers' Associations of communes and wards to develop plans to implement Directive No. 39-CT/TW dated October 30, 2024, of the Party Central Committee on improving the effectiveness of social policy credit in the new period. In particular, it directed the acceleration of digital transformation in the management of entrusted activities, savings and loan groups, and commune-level transaction activities.Directing the Farmers' Associations in communes and wards to improve the quality of inspections of entrusted lending activities, focusing on groups with low credit quality, strengthening inspections of capital use within 30 days after borrowing; assigning officials to attend loan review meetings to ensure that loans are granted to the correct beneficiaries. Promoting the sustainable development of savings and loan groups linked to community activities. Continuing to direct units after administrative reorganization to implement the handover process of entrusted capital from the Social Policy Bank in accordance with regulations, fully and promptly.
As a result, every year 260,000 member households register, and over 140,000 member households achieve the title of excellent producers and business operators at various levels. Many excellent producers and business operators have emerged with large-scale production and annual revenues reaching tens of billions of VND.
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Through the activities of the loan groups, the number of members participating in the Association has increased, contributing to building a stronger Association base, consolidating trust and solidarity, actively supporting each other in life to become wealthy, and strengthening members' attachment to the Association. In the coming time, it is necessary to continue promoting the dissemination of new policies and guidelines, especially the criteria for building sustainable savings and loan group models linked to community activities; Resolution 11/NQ-CP dated January 30, 2022 of the Government on the Program for economic and social recovery and development...
