(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.

 

Related Topics


Hoa Binh takes actions to connect markets, promote values of agricultural products

After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.

Luong Son district is determined to achieve the targets of double-digit growth

Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.

Issuing the certificates of the product safety in the supply chain for the establishments

Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.

Hoa Binh province reviews state budget revenue in first two months

Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.

Young Thai ethnic woman brings traditional brocade to international market

Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.

Tan Vinh farmers strive to excel in production and business

As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.