The effectiveness of the poverty reduction loan program in Tan Ky
Nam Son hamlet in Nghia Phuc commune (Tan Ky) has 90% of ethnic minority households, of which 70 are poor. In recent years, with the attention of the district Social Policy Bank and local authorities, many poor families here have received preferential loans to develop livestock and crop farming.
Nam Son hamlet in Nghia Phuc commune (Tan Ky) has 90% of ethnic minority households, of which 70 are poor. In recent years, with the attention of the district Social Policy Bank and local authorities, many poor families here have received preferential loans to develop livestock and crop farming.
Since then, they have gradually escaped poverty and improved their lives. Ms. Truong Thi Ba's family is one of the ethnic minority households with particularly difficult circumstances in Nam Son hamlet. In 2009, her family borrowed 10 million VND to invest in breeding cows.
Thanks to the use of available by-products and the application of science and technology, care and disease prevention, the cows have grown well and given birth to two litters. She sold one of the first litters for 6 million VND. Thanks to that, she has had an additional source of income to cover her living expenses and continue to invest in production.
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Thanks to capital support, many families in Tan Phu commune (Tan Ky) invested in growing fruit trees. |
Up to now, the total capital managed by the Tan Ky District Social Policy Bank is 192 billion 031 million VND, an increase of 42 billion 770 million VND compared to 2009, a growth rate of 28.65%. Of which, the capital for lending to poor households is 63 billion 832 million VND, outstanding debt is 61 billion 208 million VND.
To do well in lending, every year the Social Policy Bank of Tan Ky district has thoroughly grasped the documents, regulations, and contents of loan management for hunger eradication and poverty reduction, closely coordinated with socio-political organizations to implement loan entrustment. The loan procedures of the Social Policy Bank for poor households and policy beneficiaries are increasingly simple, creating favorable conditions for people to access capital. At the same time, the unit has organized training courses for officers working in lending on loan management and use for the right purpose and effectively. The capital disbursement work is carried out in accordance with regulations.
Every month, the Social Policy Bank organizes a mobile collection session in communes and towns and assigns staff to directly guide the procedures and promptly resolve difficulties for the loan group leaders. Mr. Phan Thanh Tu - Director of the Social Policy Bank of Tan Ky district said: "To improve the effectiveness of the loan program for poor households and ethnic minority households in difficult circumstances, in the coming time, we will coordinate with the entrusted organizations and local authorities in the area, focusing more on scientific and technical guidance, propaganda, mobilization, and explaining to people the practical benefits of accessing preferential loans for business.
This contributes to changing awareness and backward, fragmented farming practices, forming the habit of knowing how to save and be responsible with borrowed capital, gradually renewing the way of thinking and working for ethnic minorities, helping them stabilize their lives and escape poverty.
Hong Thinh - Trong Hung
