Supporting people to develop the economy with policy credit capital

With preferential loans from the Chu Prong Social Policy Bank Transaction Office, many households in the above 8 communes have invested in livestock farming, crop cultivation, and production development. This has significantly improved their family income.

One typical example is the family of Ms. Ro Mai Hnon, residing in Khoi village, Ia Pia commune. Talking to us, Ms. Hnon confided: “In the past, my family was in difficult circumstances, we had land but no capital to invest in production development. Last year, I was able to borrow 50 million VND from the Chu Prong Social Policy Bank Transaction Office. I bought 2 breeding cows to create a livelihood and planted more than 1 sao of cassava. Up to now, the cows have given birth to calves, and I also have additional income from selling agricultural products. The most important thing is that with capital, I can control my production plan, not have to borrow money or be forced to sell products at low prices.”

According to the Chu Prong Social Policy Bank Transaction Office, from the beginning of 2025 to now, the total operating capital of the unit has reached more than 692 billion VND, an increase of more than 48 billion VND compared to 2024. Particularly, the capital from the budget of localities entrusted for lending has reached 38 billion VND, contributing significantly to expanding the coverage of policy credit to villages and hamlets in 8 communes in the area under the management of the Transaction Office.

Mr. Le Xuan Huy - Deputy Director of the Chu Prong Social Policy Bank Transaction Office - informed: The quality of Savings and Loan Groups is one of the key factors ensuring credit efficiency. In the 8 communes under the management of the Transaction Office, there are 300 Savings and Loan Groups, of which 298 groups are classified as good, with no weak groups. The leaders of the Savings and Loan Groups are fully trained and have a good understanding of the assessment and debt collection process, which helps disbursement and interest collection in the communes to be highly effective. The average disbursement rate in the 8 communes is 99.1%, debt collection is 97.8% and interest collection is up to 99.8%.

“In the last 6 months of 2025, the Chu Prong Social Policy Bank Transaction Office will continue to focus on disbursing key credit programs such as lending to poor and near-poor households, job creation, clean water and rural environmental sanitation, social housing, etc. We will also strengthen the review of eligible borrowers, ensuring public, transparent and regulated evaluation. At the same time, we will continue to strengthen the Savings and Loan Group system, improve the capacity of grassroots staff, and ensure timely and effective service to people on-site,” added the Deputy Director of the Chu Prong Social Policy Bank Transaction Office.

Source: https://baogialai.com.vn/tiep-suc-nguoi-dan-phat-trien-kinh-te-bang-nguon-von-tin-dung-chinh-sach-post560660.html