Over 120,000 Poor Households in Tay Ninh Have Been Able to Timely Access to Preferential Credit

Policy credit is not only an extended arm of the government in poverty reduction efforts but also a powerful driver helping poor households and disadvantaged students get more opportunities to rise in life.

Ms. En Ha Sina’s model of breeding cow

In Tay Ninh province, thanks to preferential credit sources, over 120,000 poor, near-poor, post-poor households and other policy beneficiaries have been able to timely access to inclusive fund in recent years. These loans have not only helped residents stabilize their lives but also fueled educational dreams, contributing to the province's socio-economic development.

Making Dreams Come True

Ms. Sina (in Ward 1, Tay Ninh City) emotionally shared that she bought a cow from VBSP’s loan. Ms. Sina sold the calves to cover living expenses and renovate her house. Thanks to this capital, her family gradually has been improved. All the children in the household could attend school properly. "Now my family owns a motorbike for work, and we have a house to shelter us from the sun and rain. That was our biggest dream, and it has come true," Ms. Sina said.

For ethnic minorities like Ms. Sina, access to preferential credit is like being handed a life-changing opportunity. With this trust, many families have risen from hardship. In addition to supporting household livelihoods, policy credit also brings opportunities for thousands of disadvantaged students. Thanks to these inclusive funds, they can afford tuition and living expenses, allowing them to pursue their academic dreams.

Ms. Phan Thi Thuy Duong (52 year old, also residing in Ward 1, Tay Ninh City) having twin daughters starting university at the same time. She recounted that when her daughters received their university admission letters, her joy was mixed with deep worry, as she knew she couldn't afford both their education expenses. "Knowing both got into university, I was happy but also overwhelmed and confused. I knew we couldn't afford to send them both to school. Thankfully, we were introduced to the student loan program by local authorities", she recalled.

Ms. Duong was able to take loan of VND 40 million per child per year. This covered tuition, rent and food for her daughters studying in Ho Chi Minh City. She said that without these loans, one of her children might have had to give up her university dream. Not only did this reduce financial strain, but it also gave her children peace of mind to study and prepare for a better future.

Leaving No One Behind

Policy credit is a key driver helping poor households overcome hardship and improve their lives

According to Ms. Nguyen Thi Minh Hang - Deputy Director of VBSP Tay Ninh Provincial Branch, policy credit serves as a vital financial lifeline for the poor and other policy beneficiaries. It is also an effective tool to achieve the major goal of "Joining hands for the poor - Leaving no one behind". As of now, the branch’s total outstanding loans have reached nearly VND 4,500 billion, basically meeting the demand for loans among local residents. In 2024, policy credit helped 34,220 poor, near-poor households and other policy beneficiaries access loans. These funds supported job creation for 11,291 workers, educational loans for 2,819 disadvantaged students, construction of nearly 37,000 rural clean water and sanitation works and 27 social housing units.

In addition to guiding borrowers through loan procedures, VBSP’s staff also advise people on how to use the capital effectively. In 2025, VBSP Tay Ninh Provincial Branch plans to further expand loan resources, streamline procedures and improve service quality.

To ensure efficient capital use, Ms. Hang said the bank closely coordinates with entrusted mass organizations at all levels and strengthens inspection and supervision to ensure funds reach the right people for the right purposes. Recently, the unit has also promoted digital technology applications in lending activities - most notably the rollout of Mobile Banking through savings and credit groups. Borrowers can now actively monitor loan details, interest rates, repayment schedules and savings balances - enhancing transparency and service convenience.

Giang Phuong/TTXVN