Capital to create housing

Capital from the Tuy Phong Social Policy Bank Transaction Office has become a solid foundation, helping many poor and near-poor households, policy families and low-income people in the area improve their housing, invest in production, livestock farming, and strive to stabilize their lives.

Settling down to make a living

The social housing loan program of the Vietnam Bank for Social Policies is considered the “key” to help many families of civil servants, public employees, and low-income workers build a home. From there, they can work with peace of mind, stabilize their lives, and contribute to ensuring social security in the locality.

Credit officer and TKVV team leader at Le Chau's family home

The family of Mr. Le Chau (Phan Ri Cua commune) who works as a civil servant in the commune and whose wife is a small trader has just completed a new, spacious house thanks to a loan of 400 million VND from the social housing loan program. Previously, the couple lived in a small, cramped house given by their parents after their wedding. Through the local Women's Union, the family received preferential loan support to build a spacious, spacious house. "Thanks to this loan, my wife and I's dream of having a new house has come true. Having a solid house gives us more motivation to work and raise our children," Mr. Chau shared.

Similarly, Ms. Nguyen Thi Sen, a teacher at Bong Sen Kindergarten (Lien Huong commune), was also moved when talking about the newly completed house: “I never thought I could build such a spacious new house, it was like a dream. After many years of saving, my husband and I could only save 200 million VND, a very modest amount compared to the current cost of building a house. Luckily, I was able to borrow an additional 500 million VND from the social housing program. The new house is a solid foundation for our family to feel secure in building a long-term career.” Ms. Sen and her husband previously lived temporarily in a small house on land given by their parents, and today's completed home is the happiness of the couple and their children.

Borrowing capital for cattle farming in Phan Ri Cua commune

Capital efficiency

Ms. Chau Thi Bich Le, Head of the Savings and Loan Group and Secretary of the Party Cell of Song Thanh Village (Phan Ri Cua Commune) said: “The group currently has 60 households borrowing capital with a total outstanding debt of 2.4 billion VND. In addition to borrowing capital to build houses, people here mainly work as fishermen, masons, and small traders. Capital from the Social Policy Bank has helped people buy fishing gear, trade seafood and fruits. All borrowing households use the capital for the right purpose, repaying principal and interest on time.”

Mr. Dang Cong Dam - Director of the Tuy Phong Social Policy Bank Transaction Office said: Since the beginning of the year, the unit has disbursed loans for 13 houses under the social housing loan program. By the end of June 2025, the total outstanding balance of policy credit programs reached 642.8 billion VND, equal to 97.6% of the yearly plan and an increase of 38.3 billion VND compared to the beginning of the year. Total lending turnover since the beginning of the year has reached more than 90.7 billion VND with 2,323 borrowers. Debt collection turnover reached 52.4 billion VND. The total number of households with outstanding debt is 14,769 households, with an average outstanding debt of 44 million VND/household.

Capital mobilization activities at the Transaction Office also recorded positive results. Up to now, the total savings balance has reached 54.8 billion VND, equal to 107.2% of the plan, an increase of 3.68 billion VND compared to the beginning of the year. Particularly, the local budget capital entrusted through the Social Policy Bank has reached more than 19 billion VND, accounting for 2.96% of the total capital.

After the administrative unit arrangement, the old Tuy Phong area including 4 communes: Tuy Phong, Lien Huong, Phan Ri Cua and Vinh Hao continues to maintain the organization model and specific policy credit management method. Currently, the whole area continues to maintain 294 Savings and Loan Groups, keeping the old commune transaction points to create conditions for people to easily access policy capital in a convenient and timely manner.

Source: https://baolamdong.vn/dong-von-tao-an-cu-381639.html