Thanks to access to preferential loans from the Social Policy Bank through savings and loan groups, many poor households and policy beneficiaries in Nghe An province have had conditions to develop production, create jobs, increase income, improve their lives and escape poverty.
Policy capital has become a " lever" to promote economic development associated with hunger eradication, poverty reduction and ensuring social security.
The Social Policy Bank is a state credit institution that provides preferential loans to the poor and other policy beneficiaries, mainly through partial entrustment to associations and unions.
At the grassroots level, the Savings and Loan Group (TK&VV) is a direct bridge between banks and people, responsible for reviewing borrowers, guiding procedures, supervising capital use, interest collection and savings deposits.
Since its inception, TK&VV Groups have become an important link in the policy credit model. The quality of life and propaganda and mobilization of borrowers to comply with bank regulations are identified as key factors determining credit efficiency.
In recent years, the Provincial Social Policy Bank has coordinated with associations and unions to organize many group activities, disseminate policies and guidelines, and at the same time commend typical examples, promptly remove obstacles, and grasp people's loan needs.
Based on practical activities, Nghe An Social Policy Bank branch has implemented the TK&VV Group model in a sustainable direction, associated with community activities. Many groups combine credit activities with culture and sports, share production experiences and support each other in life, thereby improving the quality of activities, attracting more households to participate.
In Lang Xieng village, Mon Son commune (Con Cuong district), the TK&VV team led by Ms. Ha Thi Mo currently has nearly 50 members, with a total outstanding debt of about 3.6 billion VND. Households mainly borrow capital to develop agriculture - forestry, livestock, and forestry. Supervision of capital use and interest collection is carried out regularly, helping people form the habit of saving and using capital effectively. Thanks to that, many households have escaped poverty, accumulated and created more jobs on the spot.
Nghe An province has maintained more than 6,000 TK&VV Teams, many of which operate effectively, associated with community activities. Average outstanding loans and credit quality continue to improve, contributing to bringing policy capital to the right beneficiaries, helping people escape poverty sustainably.
The activities of TK&VV Teams have brought clear results, especially in remote areas and ethnic minority areas. Propaganda and mobilization work has been implemented persistently and comprehensively, contributing to limiting petitions, reducing negativity and raising people's awareness of compliance.
The group model associated with the community not only helps policy capital flows to promote efficiency but also strengthens the spirit of solidarity and mutual support in economic development and sustainable poverty reduction.
