Cu Jut meets policy capital for people

Timely capital support

In 2023, Ms. Truong Thi May, Nam Dong commune, Cu Jut district ( Dak Nong ) was able to borrow 70 million VND under the program for newly escaped poverty households. With the capital, her family bought fertilizer and irrigation pipes to invest in a coffee garden of more than 1.5 hectares.

With good care, the coffee garden's productivity improved. In the last crop, coffee prices increased, and her family earned a good profit. From this profit, her family reinvested in raising pigs. With the motto "short-term, long-term", the family's economy gradually became more stable.

People in Cu Jut district (Dak Nong) have a stable life thanks to the support from loans from the Transaction Office of the People's Credit Fund.

Ms. May said: “A few years ago, the family economy was difficult. Many times, we had to borrow money from outside to buy fertilizer for our plants. Thanks to the timely support of the Social Policy Bank Transaction Office, our family had the conditions to invest in economic development and was not pressured by high-interest loans.”

Mr. Le Trung Tan's family in village 11 also received preferential loans from the Social Policy Bank Transaction Office to raise pigs for meat and initially achieved high efficiency. According to Mr. Tan, accessing capital from the Social Policy Bank Transaction Office has helped people have investment capital and overcome difficulties.

The entire Nam Dong commune currently has more than 1,700 households borrowing capital from the District Social Policy Bank Transaction Office, with outstanding loans of more than 80 billion VND. According to the People's Committee of Nam Dong commune, the capital borrowed from the Social Policy Bank Transaction Office has contributed to helping local people have more investment resources. Many crop and livestock models have gradually brought about efficiency. The lives of people in the commune are increasingly improving.

Strengthening the review of capital needs

According to Mr. Pham Xuan Thanh, Director of the Transaction Office of the Social Policy Bank of Cu Jut, the demand for loans from people in the district is very large. Especially for programs such as lending to near-poor households, newly escaped poverty households, job creation, etc.

The Provincial Social Policy Bank Transaction Office checks the loan usage model of people in Cu Jut (Dak Nong)

Grasping this need, the unit has advised the Party Committee, local authorities, and entrusted organizations to step up the review of loan needs at the grassroots level.

The bank gives priority to poor, near-poor and disadvantaged households. During times when crops and livestock are affected by natural disasters and droughts, the unit has closely followed the grassroots to grasp the needs and disburse loans to the people.

Along with reviewing demand and promoting loan disbursement, many measures such as debt extension, debt term adjustment, etc. are implemented by banks to support customers. Through these solutions, borrowers have both investment capital and reduced burden to feel secure in production.

“To make the capital source effective, the unit strengthens inspection and supervision, especially post-loan inspection. We strive to both limit risks after borrowing capital and guide and support borrowers to use it for the right purpose, helping people maximize the effectiveness of the loan source,” said Mr. Thanh.

Many households in Tam Thang commune, Cu Jut district (Dak Nong) received loans from the Social Policy Bank Transaction Office to invest in orchards.

According to the People's Committee of Cu Jut district, preferential capital from the Transaction Office of the Social Policy Bank has given farmers more motivation. The local government always directs communes and towns to coordinate with the Transaction Office of the Social Policy Bank to effectively implement credit programs.

The district has focused on resolving difficulties and obstacles in the process of implementing policy credit programs in the area. Thanks to that, the capital that the District Social Policy Bank Transaction Office lends is always effective, helping people in the area build a more stable life.

By the end of November 2024, the total outstanding loan balance of preferential policy credit programs in Cu Jut district was nearly 550 billion VND, with over 9,000 households receiving loans.

Source: https://baodaknong.vn/cu-jut-dap-ung-von-chinh-sach-cho-nguoi-dan-236992.html