Policy Bank Supports Soc Trang Farmers

“Giving is not just about what you give, but how you give it.” This old adage rings true in Ke Sach district, Soc Trang province, where the Vietnam Bank for Social Policies (VBSP) provides vital financial support to help residents escape poverty and prosper.

Ke Sach District Policy Bank

VBSP: Extending Government Support

The VBSP was established to provide loans to the poor and other policy beneficiaries. In Ke Sach district, the bank offers various preferential credit programs, enabling access to low-interest loans with simplified procedures.

Key Credit Programs

• Loans for the poor and near-poor: Empowering families to develop production and businesses, fostering sustainable poverty reduction.
• Job creation loans: Providing capital for individuals seeking employment or self-employment opportunities.
• Agricultural and rural development loans: Enabling farmers to invest in agricultural production, enhancing productivity and product quality.

Furthermore, VBSP offers student loans, social housing loans, and other programs.

Ke Sach District: Enhancing Policy Credit Effectiveness

Ke Sach district implements comprehensive strategies to maximize the impact of policy credit.

Strengthening Communication and Encouragement

The district actively promotes and disseminates information about preferential credit policies to residents, ensuring awareness of loan information, procedures, and fostering confidence in borrowing for economic development.

Building Solidarity Groups and Savings Groups

“Solidarity Groups” and “Savings Groups” thrive in Ke Sach. Members support each other, sharing information, experiences, and access to loans.

Monitoring and Inspection

Ke Sach district regularly monitors and inspects VBSP lending activities to ensure loans are used for their intended purposes, maximizing loan effectiveness.

VBSP Loan Activities in Ke Sach District

From Poverty to Prosperity: Mrs. Hai’s Story

Mrs. Nguyen Thi Hai, a resident of An Thanh hamlet, An My commune, Ke Sach district, once struggled with poverty. In 2019, she received a 50 million VND loan from VBSP to open a small bakery. Through hard work and delicious pastries, her business flourished, providing a stable income. She repaid her loan and expanded her business, significantly improving her family’s life and enabling her children’s education.

Mrs. Hai’s story exemplifies the success of Ke Sach residents through VBSP loans. Policy credit plays a crucial role in empowering individuals and fostering economic self-reliance.

Important Notes When Borrowing from VBSP

• Thoroughly understand loan policies and conditions.
• Prepare complete documentation.
• Use the loan for its intended purpose.
• Repay the loan on time.

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Ke Sach Residents Applying for VBSP Loans

Conclusion

VBSP in Ke Sach district significantly contributes to poverty reduction and improved living standards. Moving forward, we hope VBSP continues to support residents in their pursuit of prosperity and contribute to the development of Ke Sach.

Need assistance with loans from VBSP in Ke Sach, Soc Trang? Contact us:

• Phone: 0968239999
• Email: [email protected]
• Address: No. TT36 – CN9 Road, Tu Liem Industrial Zone, Phuong Canh Ward, Nam Tu Liem District, Hanoi.

Our customer service team is available 24/7.