Quy Son is a mountainous commune of Luc Ngan district with a natural area of 4,074.18 ha. Over the past years, along with the development of the market economy, in Quy Son commune, many types of businesses and services have developed, many households have escaped poverty, earning over 100 million VND/year from production, planting fruit trees and other types of business. People’s living standards have been improved, the poverty rate has decreased significantly to 34 households in 2021, accounting for 0.17% of the poverty rate. The appearance of the commune’s rural area has changed, the working office, commune health station and schools have become more spacious and clean while roads have been totally concreted and asphalted.
Contributing to the change of Quy Son today cannot be without the great contributions of the Quy Son PCF. Especially, in recent years, thanks to the capital of Quy Son PCF, the people of Quy Son and Phuong Son communes have actively converted crops and livestock, bringing high economic efficiency. Therefore, the Quy Son PCF’s operation has been improved.
During nearly 20 years of construction and development in the commune, Quy Son PCF has been a strong support for people in need of loans, savings… As of December 20th, 2022, the total mobilized capital of the PCF is VND 177.2 billion; mobilized capital reached VND 158.3 billion; outstanding loans reached VND 142 billion. Particularly, the Quy Son PCF’s deposit at Co-opBank branch Bac Giang is over VND 30 billion. Overdue debt ratio is at 0.07%/total outstanding loans, thanks to the credit department’s active appraisal, quick loan application with secured loans. Credit officers regularly check the use of loan capital, constant being aware of customers’ debt repayment ability.
Quy Son PCF Head Office
Manager of Co-oBank Bac Giang branch, Mr. Nguyen Xuan Duc shared that Quy Son PCF always strictly follows the policy of the interest rates on savings deposits for PCFs. The interest rates publicly posted at the PCF’s head office. The deposit interest rates are always stable. In addition, Quy Son PCF has created favorable conditions for depositors to withdraw money quickly without any doubt.
These small actions have gradually created the position and prestige of Quy Son PCF with its members and local government committees. The Quy Son lending activities always ensures that, according to the lending regulations, no loan exceeds 15% of its own capital. Loan documents are always fully prepared according to regulations; loan collateral is fully registered with collateral…
On the other hand, the Board of Directors of Quy Son PCF meets regularly monthly at the beginning of the month to evaluate done and undone work to have plans and strategies relatively closed to the developments of the market economy. Therefore, Quy Son PCF will proactively have timely solutions. In 2022, the PCF also selected customers with quality, the total number of members in III/2022 is 1,242 members. Until December 20th, 2022, the number of members is 1292 members with 50 increased members. Charter capital ensures operational safety ratio. The amount of share capital contribution increases according to regulations and the level of contribution registered with the State Bank of Bac Giang province.
The yellow heart orange tree has helped the people of Quy Son commune change the structure of the plant crop, bringing high economic efficiency to the people
According to the Director of Quy Son PCF, Ms. Vi Thi Kim Khanh, in order to support members in the most active way, the PCF’s BoD meets regularly monthly at the beginning of the month to evaluate plans and strategies relatively closed to the developments of the market economy. Therefore, Quy Son PCF will proactively have timely solutions. The credit department not only actively appraises and prepares loan documents quickly, but also works towards secured loans. This will be a solid foundation for Quy Son PCF to develop further, supporting members to develop their household and local economies.
