From Social Policy Bank loans, local people
in Tan Lap Village, Dan Hoa commune (Ky Son) invest in raising chickens to
develop family economy.
On the basis of these advantages, by using
the most of production land, the commune's economy has achieved remarkable
results. Up to now, the per capita income of the commune has reached at over
VND 31 million per year. The rate of poor households has reduced to 4.46%, the
near poor ones has reduced to 7.67%. One significant resource that helps Dan
Hoa commune to reduce poverty and increase incomes is the source of credit
capital for poor households and policy beneficiaries.
With the investing form of lending directly
to households, the preferential credit sources have effectively served the
development of agricultural and rural economy and the development of
small-scale industries. From loans, the households invested in planting fruit
trees, raising cattle, poultry and bee breeding, and planting trees with high
economic value. This preferential credit investment for hunger eradication and
poverty reduction (HEPR) programs not only achieved economic efficiency but
also affected to the change of awareness of poor households, helping them to
mobilize themselves to escape from poverty and stepping up to enrich. Although
being a relatively developed area, leaders of Dan Hoa commune always considered
poverty reduction as the key task of the commune. Hence, the credit capital for
poor households plays a particularly important role in poverty reduction
activities in the locality. Up to now, Dan Hoa commune has 9 savings and loan
groups, 347 households borrowing capital with the total debt of nearly 6
billion VND. The process of reviewing and selecting loans is public,
democratic, with the participation of mass organizations, commune and village
leaders to ensure the loan level to be suitable with capital requirements of
the production plans.
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