Thanh Tuyen credit fund contributes to spur local economic development

Clients enjoy consultancy at Thanh Tuyen credit fund.

Founded in 1996, Thanh Tuyen commune credit fund in Dau Tieng district has thus far satisfied local residents’ demand on loans, helping increase income and stabilize life for local people as well as spur the local process of new rural building.

Offering loans for local farmers

Over the past years, Thanh Tuyen credit fund really becomes an companion for local residents. By its efforts, Thanh Tuyen credit fund contributes to eliminate hunger and reduce poverty and excel supportive work for local people to help them enjoy a more comfortable life.

Vo Thi Tien in Le Danh hamlet, Thanh Tuyen commune said that her family lives mainly on pig breeding. In order to improve family life, she borrowed capital from the credit fund to increase her breeding. Thanks to this capital, she enjoys a more comfortable life.

Like Tien, other families enjoyed capital from Thanh Tuyen credit fund to get a stable life. Dang Thi Dieu in Bung Cong hamlet said “Thanks to capital of the credit fund, I develop my cow breeding and enjoy a stable life”.

At present, Thanh Tuyen credit fund has offered loans to serve for agricultural production, handicraft, consumption and homebased production and more. Therefore, many local households have enjoyed a stable life. Notably, the credit fund’s capital borrowers use loans in right purposes.

Development on trust

After 18 years of development, from initial capital source worth merely VND128mil with 5 employees, Thanh Tuyen credit fund has thus far developed up to VND180mil and 20 staff. Effective operation helps the unit become one of credit funds getting a sustainable growth, winning trust of clients on simple and exact services.

Sharing the done achievements, Nguyen Thuy An, vice director of Thanh Tuyen credit fund said that the important issue for the fund’s sustainable development lies in efforts to get trust of clients. Specifically, Thanh Tuyen credit fund’s directorate focuses on improving capacity and virtue of cadres and employees. In addition, in order to improve the operational quality of the credit fund, the fund directorate concentrates on equipping material facilities in service for business. As of the end of 2014, the credit fund invested VND3.6bil in fixed asset to ensure safety of monetary transport and improve labor capacity, service quality as well as save cost.

Thanh Tuyen credit fund also offers online service of money transfer. Aside from its headquarters at the hub of the commune, the credit fund sets up additional transactional office in the commune.

Apart from effective operation, Thanh Tuyen credit fund joins positively in social welfare activities in the locality. By concrete and significant deeds, the credit fund affirms its role and position, meeting demand on capital for production and business, contributing positively to local cause of poverty reduction.

Reported by T.Hong – Translated by A.C