In recent years, commune transaction points of the Bank for Social Policies in Kim Boi district have been considered "mobile banks” for the poor, creating favourable conditions for people to access preferential credit policies from the Government right in their area of residence.

Staffs of Kim Boi district branch of
the Bank for Social Policies disburse capital at Dong Bac commune’s transaction
point.
It has become a custom that on the 17th day
of every month, savings and loan groups, poor people and policy beneficiaries
in Dong Bac commune gather at the office of the commune People's Committee to
pay interest and deposit savings to the bank. There, information related to
credit activities is publicly and clearly posted. Pham Hung Hanh, head of Ranh
hamlet's loan group, shared that preferential loans are disbursed at commune
transaction points, with simple and convenient procedures, thus helping save
travel time and costs. People are also informed of loan amounts, interest
rates, procedures, as well as new guidelines and policies of the State without
having to go to the district centre.
With the operating method of
"transaction at home, disbursement in the commune", the transaction
points have proved effective. To serve customers, the bank has established
transaction teams in communes, fully equipped with the operating conditions of
a bank to serve transaction sessions. At these points, preferential credit
policies and programmes of the state, bank procedures, lists of borrowers, debt
balance, repayment period for each borrower, transaction rules are also
publicised.
Thanks to mobile transaction sessions, poor
people and policy beneficiaries in remote areas can borrow capital to develop
production, gradually getting rid of poverty.
Nguyen Viet Phuong, Deputy Director of Kim
Boi district branch of the Bank for Social Policies, said that the district has
17 fixed transaction points located at the offices of 17 communes and Bo town.
Currently, the bank provides loans for 15
policy credit programmes with total outstanding loans of over 557 billion VND
(22.88 million USD) of over 15,300 customers. The bad debt rate accounts for
0.01% of the total outstanding loans.
In the coming time, the bank will continue
to improve the quality of operations at commune transaction points, helping
people borrow money in the fastest and most effective way; and proactively and
effectively integrate customers' loan activities with agricultural extension
programmes so that borrowers can use capital effectively, get rid of poverty
sustainably, and contribute to promoting economic development and poverty
reduction.
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