Recently, hundreds of workers in TX. Ba Don is supported to create jobs from the job creation loan program (GQVL) of the Transaction Office of the Bank for Social Policies (VBSP Transaction Office) TX. Ba Don. This capital source has contributed to supporting people in economic development, expanding production, creating jobs, and increasing income.
Quang Thuy wooden chopstick production and trading cooperative (Ba Don town) was established in 2018 with 8 members. The cooperative specializes in producing wooden chopsticks and high-end chopsticks to serve major markets in Hanoi and the southern provinces. Currently, the cooperative is producing nearly 20 types of chopsticks, including: 6 types of popular chopsticks (prices from 40,000-50,000 VND/pack) and 14 types of high-end chopsticks (prices from 400,000-600,000 VND/box). Each year, the cooperative sells more than 13 million pairs of chopsticks to the market, generating a stable income of more than 500 million VND. Currently, the cooperative is creating stable jobs for 20 workers and supporting home processing for 30 local workers.
Mr. Le Thanh Trien, Director of Quang Thuy Wooden Chopsticks Production and Trading Cooperative, said that since its establishment, the cooperative has gone through many difficult periods, such as: Lack of capital to purchase equipment. , build factories, buy raw materials. Those difficult times were accompanied by the TXD Social Policy Branch. Ba Don. In 2018, Mr. Trien was assigned to TX Social Policy Bank. Ba Don facilitates a loan of 100 million VND from the GQVL loan package to purchase equipment for production. In the following time, the cooperative continued to be facilitated by the town’s Social Policy Banking Branch to lend many other loan packages to develop production and expand factory scale with a capital of nearly 600 million VND.
“Due to the impact of the Covid-19 pandemic, businesses and cooperatives in the town are facing difficulties. The cooperative hopes to continue to receive support from the Social Policy Bank in accessing preferential loan packages to restore production and create more jobs for local workers,” Mr. Trien shared.
The GQVL loan program is approved by the TX Social Policy Branch. Ba Don has been implementing since 2003, with a maximum loan level of 2 billion VND/project for production and business establishments and 100 million VND for households. The main lending subjects are small and medium-sized enterprises, cooperatives, cooperative groups, and households with clear production and business purposes, with feasible loan projects, bringing economic efficiency and potential. the ability to provide job placement for many rural workers. Loan interest rate is 7.92%/year, maximum loan term is 120 months.
Mr. Le Quang Ngo, Deputy Director of TXD Social Policy Bank. Ba Don said that in order for the capital source of the GQVL loan program to be effective, the unit has coordinated with associations and organizations at all levels in the area to do a good job of reviewing loans to ensure the right subjects and use of capital. Borrow for the right purpose. Thanks to the effective use of this preferential capital, many households in the town have escaped poverty and improved their lives.
“From the preferential loan source of TXD Social Policy Bank. In Ba Don, I invested in building barns and buying breeds to develop a livestock model. Currently, my family is raising 5 sows, 20 breeder chickens, and 2 cows. Every year, my family sells 3-4 batches of pigs and chickens… for a stable income of nearly 80 million VND/year,” shared Ms. Nguyen Thi Xuan, Tien Phong residential group, Quang Long ward.
Determining GQVL loans is one of the important channels to support people with more “fishing rods” to promote economic development and sustainable poverty reduction. Ba Don continues to coordinate with socio-political organizations to disburse loans to the right subjects, creating conditions for households to expand production and business scale, contributing to creating more jobs for many people. rural labor.
Funding for GQVL from TXD Social Policy Bank. Ba Don has contributed to restoring traditional industries, supporting capital for production establishments, businesses and households to expand production, increase income, and improve the lives of workers. Currently, the total outstanding debt of the GQVL loan program in TX. Ba Don is more than 27.4 billion VND, with 557 loan customers. From the beginning of 2021 until now, there have been 280 customers with loans worth 14.9 billion VND, creating jobs for more than 300 workers.
Lan Chi
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