Through communication, guidance, public evaluation, and capital usage inspection, residents gain timely access to preferential funds, which serve as a fulcrum for many households to develop production, create livelihoods, elevate income, and achieve sustainable poverty reduction.

The Mường Chà Social Policy Bank Transaction Office manages over 170 savings and credit groups across villages. In recent years, these groups concentrated on boosting credit policy communication, guiding loan application completion, publicly reviewing loan applicants, monitoring and inspecting capital usage, and urging debt and interest repayments, thereby enabling many poor and near-poor households to secure funds for livelihood creation and gradual life quality enhancement.

Lù Thị Xuyến’s family in Cò Chạy village, Mường Pồn commune benefited from policy credit capital, utilizing a VND 50 million loan to invest in buffalo breeding. By using loan capital for intended purposes, her buffalo herd grew steadily, helping her family achieve a comfortable living standard, pay interest and principal on time, and stabilize their household economy.

According to Vì Văn Thịnh, Leader of the Cò Chạy Village Savings and Credit Group, the group currently comprises 49 members with total outstanding loans of around VND 3 billion. Most borrowing households invest in buffalo and cattle breeding, while the group management board regularly inspects capital usage and reminds members to fulfill debt and interest obligations according to regulations to elevate policy credit efficiency.

Across Tuần Giáo commune, nearly 300 savings and credit groups maintain effective operations, undergoing regular reviews and personnel consolidations while group leaders attend training courses to enhance management capacity. Thanks to a network extending to the grassroots-level, residents access capital conveniently with reduced travel time and costs.

The savings and credit group in Chiềng Chung village, Tuần Giáo commune holds total outstanding loans exceeding VND 4 billion, enabling many households to boldly invest in livestock breeding and elevate income. Following each disbursement, group management maintains supervision to guide households in using loans for proper purposes, as seen with Bạc Thị Thanh’s family, who borrowed VND 100 million to raise cattle, pigs, and ducks, gradually expanding production scale and improving daily life.

Alongside Mường Chà and Tuần Giáo communes, savings and credit groups managed by the Mường Ảng Social Policy Bank Transaction Office perform well as a bridge between the bank and the public. During credit activity deployment, processes from policy dissemination and application guidance to evaluation and capital usage monitoring are conducted strictly to guarantee funds reach correct recipients and maximize efficiency.

Cà Thị Nghĩa’s family in Búng Lao commune accessed policy capital multiple times, progressing from initial loans of VND 20 million and VND 50 million to a current VND 100 million loan to expand business operations. Utilizing capital efficiently enabled her family to pay debts on time, construct housing, and stabilize their lives.

Currently, nearly 2,200 savings and credit groups operate across the province, with over 1,830 groups rated good, accounting for nearly 85%, and 255 groups rated fair, comprising over 10%. Trần Ngọc Nam, Deputy Director of the Social Policy Bank Điện Biên province Branch, noted that in the coming time, the unit will continue coordinating with local authorities and entrusted socio-political organizations to boost policy credit communication, particularly in remote areas and ethnic minority communities, while maintaining inspection, supervision, and operational training for group management boards.

Practical reality demonstrates that policy credit efficiency across the province stems not only from capital sources but also from execution methods right at the grassroots-level. When savings and credit groups operate systematically, preferential capital continues to maximize effectiveness, improving household livelihoods and propelling sustainable local socio-economic development.