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.
The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments
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