Ensuring stable and smooth credit policy operations

Check the situation of using policy credit in Minh Son commune.

Visiting the economic model of Mrs. Ha Thi Nhan's family in Minh Son commune, Mrs. Nhan shared while feeding the cows: "Previously, my family was a poor household, with difficult economic circumstances, often "hungry" for capital to do business. With the help of the Commune Farmers' Association, I was able to borrow capital from credit programs for poor, near-poor, and households that have just escaped poverty to develop the economy and escape poverty sustainably. In 2023, I was again facilitated by the bank to disburse 50 million VND from the job creation loan program to invest in raising 4 cows, 10 sows and nearly 80 pigs. Up to now, the family's income has reached more than 200 million VND/year. Hopefully, the Party and the State will always pay attention to policy credit capital, creating conditions for people to borrow with the most preferential interest rates and longer loan periods so that we can feel secure in investing in business."

To improve the efficiency of policy credit activities, right from the beginning of the year

Ngoc Lac Social Policy Bank has proactively grasped the loan demand in communes and towns, actively advised Thanh Hoa Social Policy Bank and the People's Committee of Ngoc Lac district (old) to supplement capital sources to serve policy beneficiaries. At the same time, proactively reported to the Head of the Board of Representatives of the Social Policy Bank and notified the communes' associations and unions to register loan demand, and advised on capital allocation to localities. Associations and unions at all levels, savings and loan groups took advantage of the opportunity to prepare documents for disbursement when there was additional capital.

In addition, the Ngoc Lac Social Policy Bank also advised the Board of Directors to resolutely direct the associations and unions of the communes to improve credit quality while increasing outstanding loans. The Chairman of the People's Committee of the communes directed the village and neighborhood heads to coordinate with the savings and loan groups to manage the policy credit capital well right from the village and hamlet level. The village and hamlet heads, the standing committee of the commune-level associations and unions directly participated in activities, evaluated loans right from the grassroots level, participated in management, confirmed the loan recipients, and coordinated with banks at all levels to participate in the handling of overdue debts and risky debts. The district-level associations and unions issued many directive documents, assigned emulation targets, and closely worked with the grassroots associations and unions. By the beginning of July 2025, the Ngoc Lac Social Policy Bank was implementing 17 policy credit programs with a total outstanding loan balance of nearly 650 billion VND, with more than 14,000 customers borrowing capital. In particular, outstanding loans mainly focus on lending programs for poor and near-poor households, clean water and rural environmental sanitation, lending to newly escaped poverty households, job creation, and people who have completed their prison sentences.

Along with that, closely following the policy of merging administrative units and the orientation of the Vietnam Bank for Social Policies, Ngoc Lac Bank for Social Policies has proactively advised local Party committees and authorities, coordinated with mass organizations to implement the merger to ensure stable and smooth policy credit activities, without interrupting people's access to policy loans during the merger. Directed the review of all debts due in the months after the merger to have plans and measures to handle them early, without leaving capital behind after the merger; reviewed the network of commune transaction points; considered the scale of new commune credit after the merger (number of groups, number of customers, outstanding debt) to prepare a plan for arranging staff and a suitable commune transaction plan, ensuring quality and efficiency. Advised the representative board, coordinated with associations and mass organizations to speed up the completion of the annual inspection plan.

In the coming time, Ngoc Lac Social Policy Bank will strengthen the inspection and supervision of the board of directors, associations and unions entrusted with capital management; direct commune-level associations and unions to perform well the post-lending inspection work according to regulations, especially for households borrowing over 50 million VND, participating in supervision at the commune transaction session according to the signed entrustment contract. Develop a plan for regular inspection of units with low operational quality, overdue debt, and high outstanding interest.

Closely follow the credit plan targets assigned in the year to ensure, be proactive in increasing capital sources and credit balance, strive to complete and exceed the plan for credit balance growth by the end of the year. Focus on lending to the right subjects of policy credit programs, promote propaganda to develop social housing program loans. Organize timely disbursement of newly allocated capital, meeting the capital needs of beneficiaries. At the same time, actively mobilize capital to supplement the capital source for lending to poor households and other policy subjects. Together with the association, the commune-level mass organizations closely follow the announced plan targets, due debts to have a disbursement plan immediately after capital recovery. Actively advise the commune poverty reduction committee to allocate and regulate capital sources for villages and hamlets with policy households in need but not yet able to borrow capital, contributing to eliminating the "black credit" evil in rural areas.

Article and photos: Minh Ha

Source: https://baothanhhoa.vn/bao-dam-hoat-dong-tin-dung-chinh-sach-on-dinh-thong-suot-253797.htm