'Boosts' from policy funding in Nghe An
(Baonghean) - Preferential capital is being transferred by the Social Policy Bank of Nghe An province to the poor and policy beneficiaries, creating an important "push" for them to escape poverty sustainably and become rich legitimately.
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| In the efforts to develop the socio-economy and help people escape poverty sustainably in Nghe An in recent years, it is impossible not to mention the role of the Social Policy Bank Nghe An branch. After 15 years of presence in the area, the Branch has been affirming its important role in implementing credit solutions to help people develop the economy and contribute to building new rural areas. Photo: Thu Huyen |
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| According to the Nghe An branch of the Bank for Social Policies, in the first 6 months of 2019 alone, the loan turnover in the area reached 1,657 billion VND, an increase of 13% over the same period last year, mainly focusing on key programs for poor households, near-poor households, newly escaped poverty households, rural areas and disadvantaged areas. In the photo: Leaders of the Bank for Social Policies encouraged people of Ta Ca commune (Ky Son) to promote the effectiveness of loans and develop household economy. Photo: Thu Huyen |
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Along with credit growth, the branch pays special attention to improving credit quality, indicators reflecting credit quality are regularly paid attention to and closely monitored. In the photo: Officers of the Social Policy Bank of Quy Hop district inspect the loan model for economic development of Mr. Chu Quoc Tru's family farm in My Dinh hamlet, Chau Dinh commune (Quy Hop). Photo: Thu Huyen |
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| From policy capital, many households have been able to borrow capital to create jobs and develop the economy. In the photo: Mr. Pham Van Kieu's family in Hong Phong hamlet, Luu Son commune (Do Luong) borrowed 50 million VND from preferential capital to invest in aluminum and glass making machines. Photo: Thu Huyen |
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| As a poor household with "seniority", Nguyen Thi Thao and her husband in Giang Son Dong commune (Do Luong) managed to do many jobs but their life did not improve. In 2014, with the encouragement and help of the Farmers' Association, Thao's family borrowed 44.2 million VND from the Social Policy Bank to plant 2.2 hectares of acacia paper raw materials and invest in a chicken farm. After many years of hard work, up to now, Thao's farm has an area of nearly 10 hectares, including areas: chicken coop with over 2,000 chickens (at peak period over 5,000 chickens), ponds for raising fish for breeding, fish for meat, and forest planting areas. From developing the farm economy, the family's revenue reached more than 1 billion VND/year, the dream of many farming households in the district. Photo: Thu Huyen |
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| Anh Son residents borrow capital from the program for production and business in disadvantaged areas to develop household economy. Photo: Thu Huyen |
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| Many families are extremely poor, with only 10 million VND in loans, it has helped them change their economic thinking. With capital, plus diligence, savings... poor households gradually expand their cultivation area, livestock scale, retail stores... to develop their family economy. Photo: Thu Huyen |
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| People of Dien Bich commune (Dien Chau) process seafood and develop household economy. Photo: Thu Huyen |
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| Up to now, the total outstanding debt of Nghe An Social Policy Bank has reached 8,222 billion VND, an increase of 478 billion VND, a growth rate of 6.17%, the basic credit programs have basically completed the plan assigned by June 30. In the photo: Farm economic model in Khe Mu, Thanh Thuy commune (Thanh Chuong). Photo: Thu Huyen |
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Through this, thousands of households of ethnic minorities with special difficulties have been able to borrow capital to develop production, stabilize their lives, and feel secure in their land and villages in remote, isolated, and border areas. In the photo: Ms. Vi Thi Nhung's household in Thai Quang hamlet, Chau Thai commune (Quy Hop) planted 5 hectares of new acacia trees from the production and business program in disadvantaged areas. Photo: Thu Huyen |
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| The dedicated participation of the staff of Nghe An Social Policy Bank has promptly "sowed" capital to poor households for economic development, thereby contributing significantly to the work of hunger eradication, poverty reduction and socio-economic development. In the photo: People use loans to grow tea in Hung Son commune (Anh Son). Photo: Thu Huyen |
