Trung Thanh commune has positively changed from preferential capital

2/25/2019 - 3:03:23 PM

(HBO) - Recently, the credit activities of the policy have timely supported the ethnic minorities in Trung Thanh commune (Da Bac) to get loans and support the production. This is really one of the bridges to help people get loans for hunger eradication and poverty alleviation. As a result, people's life has been improved, contributing to the implementation of the programme for sustainable poverty alleviation.

Through the loans from the Social Policy Bank, people in Trung Thanh commune (Da Bac) have invested in growing tea to develop their family economy.

Mr. Ha Van Quay’s family in Ha hamlet has borrowed the capital from the Social Policy Bank of the district to invest in building houses, growing tea and developing livestock. Mr. Quay says "The capital from the Social Policy Bank is very useful for the people. However, if the loans can be extended to many people with larger amounts, people will have more money for production and further economic development ".

Currently, in Trung Thanh commune there are nine saving and borrowing groups with 476 households, who are allowed to get loans from nine preferential credit programs of the Social Policy Bank with the total loan balance is over 14.6 billion VND. The program for the poor households and the ones with a poverty threshold has a higher debt. Thanks to the credit capital, the households have developed animal husbandry, cultivation, construction of clean water and rural environmental sanitation projects and building and repairing new houses.

The capital from the Social Policy Bank has supported the farmers develop production, eradicate hunger, alleviate poverty and raise income, helping many households escape poverty. However, the people’s demand is increasingly growing while the maximum loan amount is currently 50 million VND. The desire of the people is to borrow a greater maximum amount of money to invest in developing production and business, increasing income and gradually escaping poverty.

Mr. Luong Van Duong, the vice chairman of Trung Thanh Commune People's Committee says that being a particularly difficult commune, hunger eradication and poverty alleviation is a difficult task. Thanks to the preferential credit, the poverty rate of the households in commune is reduced by 5-6% annually. By the end of 2018, the commune has had 229 poor households, accounting for 45.89%, down 6% compared to those of 2017. The capita income per person reached 16 million VND a year.

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