Stable operation of policy credit activities

After the merger of administrative units, policy credit activities in the city operated stably and flexibly, promptly meeting the borrowing needs of the people, especially ethnic minorities and mountainous areas.

Policy credit activities have been operating stably in recent times. Photo: QUANG VIET

Strengthening policy credit activities

After the two-level local government model officially came into operation, policy credit transaction points in Da Nang city remained stable.

Mr. Nguyen Hau, Director of Phu Ninh Social Policy Bank Transaction Office, said that the unit is managing preferential lending activities in Chien Dan, Phu Ninh and Tay Ho communes. The transaction office has coordinated with the authorities of the new communes to propose approval for the unit to continue using the facilities at the old transaction points.

This is very important to ensure that credit activities are not interrupted; moreover, it creates favorable conditions to help people easily access low-interest loans to invest in economic development and stabilize social security.

After nearly 2 months of operating the 2-level local government, at 10 transaction points in 3 communes, disbursement, debt collection, interest collection, and savings deposit acceptance of loan group members have been running smoothly.

“We are determined to maintain smooth policy credit operations. We are very happy to see many households excited to borrow capital to do business, invest in sanitation and clean water projects, and borrow capital for their children's education,” said Mr. Hau.

Currently, the Nam Tra My Social Policy Bank Transaction Office manages policy credit activities of 5 communes including: Nam Tra My, Tra Tap, Tra Linh, Tra Van and Tra Leng with 10 transaction points located in the communes.

People access preferential loans to invest in economic development. Photo: QUANG VIET

Mr. Nguyen Van Hien, Director of the Nam Tra My Social Policy Bank Transaction Office, said that in the face of the challenge of expanding the area, the unit has implemented synchronous solutions to stabilize the organization, arrange a reasonable human resource structure, and ensure that preferential credit activities are smooth and continuous.

Maintaining 10 transaction points in 5 new communes creates favorable conditions for people to borrow policy capital, reducing costs and travel time. In general, for nearly 2 months now, people have had easy access to policy capital.

The transaction office promptly conveys all policies of the Party and the State on preferential loans to the people as well as information on transaction locations and times. The recent policy credit transactions have been safe and effective.

According to Ms. Nguyen Thi Trang, Deputy Director of the Transaction Office of the Quang Nam Social Policy Bank, to ensure that preferential lending activities take place smoothly in the wards of Tam Ky, Ban Thach, Quang Phu, Huong Tra and Tam Xuan commune, the unit has assigned officers in charge of each ward, block, village, and residential group associated with the transaction points of the ward and commune.

This approach has facilitated the reception, processing of records, disbursement of loans, and monitoring of policy credit use at the grassroots level.

At each transaction session, credit officers closely coordinate with local authorities and farmers' associations, women's associations, veterans' associations, and youth unions to receive authorization to propagate and guide people in completing loan procedures and disbursing loans.

Unblocking policy credit flows

The total outstanding policy credit balance of Phu Ninh Social Policy Bank Transaction Office as of July 31 reached more than 404.7 billion VND (an increase of more than 23.1 billion VND compared to the beginning of the year, an increase rate of 6.07%) with 7,248 customers with outstanding debt.

Cow farming model from policy credit of Mr. Huynh Van Muoi's household. Photo: QUANG VIET

The unit is implementing 12 low-interest loan programs with the quality of policy credit maintained. The transaction office has effectively controlled due debts, implemented solutions to improve the quality of savings and loan group operations, the quality of trust operations, and the quality of transaction point operations.

The policy credit capital of the Phu Ninh Social Policy Bank Transaction Office in recent times has been an important tool to help people improve their livelihoods and enhance their quality of life.

For example, Mr. Huynh Van Muoi's family (Xuan Dien village, Tay Ho commune) borrowed 100 million VND from the transaction office to invest in raising cows. In addition to the current herd of 10 cows, Mr. Muoi sold 4 beef cows for 80 million VND.

“In addition to borrowing money to do business, I also borrowed money to invest in clean water, sanitation projects and for my children’s education. Policy credit has provided essential support to the people,” Mr. Muoi said.

Total outstanding debt of the Transaction Office of Quang Nam Social Policy Bank as of July 31 reached nearly 644.5 billion VND.

In the first 7 months of the year, the unit has created conditions for 1,718 near-poor and policy households to borrow capital. Of which, 1,290 workers were supported with loans to create jobs; 344 households borrowed capital to build, renovate, and repair clean water and environmental sanitation works; 13 customers borrowed capital to work abroad for a limited period; 9 households borrowed to build and repair houses.

Credit quality is guaranteed, overdue debt accounts for only 0.08% of total outstanding debt.

Mr. Nguyen Van Hien added that the total loan turnover of the Nam Tra My Social Policy Bank Transaction Office from the beginning of the year to now has reached 49.6 billion VND with 916 customers receiving loans. The total outstanding loan balance has reached 259.5 billion VND (an increase of 8.6 billion VND compared to the beginning of the year) with 4,938 borrowers still having outstanding loans.

Policy credit quality has been strengthened. Total overdue debt and frozen debt only account for 0.57% of total outstanding debt.

“The transaction office's policy credit activities in recent times have helped ethnic minorities and mountainous areas develop their economies, escape poverty and build happy, prosperous families,” Mr. Hien emphasized.

Source: https://baodanang.vn/van-hanh-on-dinh-hoat-dong-tin-dung-chinh-sach-3300015.html