Effective economic models from policy loans in Thai Hoa town
(Baonghean.vn) - From preferential loans from the Social Policy Bank, many households in Thai Hoa town have more conditions to increase production, develop the economy, and stabilize their lives.
Build a decent house with loan capital
In the late August sun, Nguyen Hai Dang's garden in Hamlet 7, Nghia Thuan Commune is still lush with many types of fruit trees. Next to the garden are rows of barns for raising cows, chickens, pigs... Dang is always busy moving between the barns, sometimes bringing chopped elephant grass for the cows, sometimes holding a hose to water the pigs.
Officials from the People's Committee of Nghia Thuan commune said that many years ago, Nguyen Hai Dang's family was a poor household in hamlet 7, and was given a loan of 50 million VND by the Thai Hoa town Social Policy Bank to invest in buying breeding animals to develop the economy.
Around 2015, cattle farming in Nghia Thuan commune developed strongly, creating jobs and high income for hundreds of households. Notably, at that time, in addition to raising local cow breeds, dairy cows were quite popular, people also invested in raising 3B cows. With the ability to adapt to different geographical environments, raising 3B cows quickly brought income to farmers, especially in localities with abundant sources of animal feed.
From the policy loan, Mr. Dang invested in buying 3 3B cows. After nearly 4 years of combined farming, he invested the profit in buying other breeds such as local cows, pigs, chickens with a herd of 7-10 pigs and a herd of 100 chickens. In addition, Mr. Dang also renovated the pond to raise soft-shell turtles and planted fruit trees such as grapefruit, banana, guava, etc.
From the initial loan to develop the economy, Mr. Nguyen Hai Dang's family has paid off all the bank debt and has more capital to invest in other breeds. Seeing the effectiveness of the loan, in 2022, Mr. Dang applied for a second loan to expand the scale of livestock and crop farming.
“Although the amount of loan each time is not large, it has helped us a lot in opening up new business and production directions. Not only my family but also many other households, especially poor and near-poor households, have the opportunity to change their lives and build a better life by leveraging the low-interest loans from the Policy Bank,” said Mr. Nguyen Hai Dang.
Coming up from livestock
Not far from the residential area and livestock and farming premises of Mr. Nguyen Hai Dang, the farm of Mr. Nguyen Hong Ha in Hamlet 2, Nghia Thuan Commune is also covered in lush green trees and bustling with the sounds of livestock. Like Mr. Hai Dang, Mr. Hong Ha can have a property and a stable income thanks to policy loans.
Mr. Ha said: “I have borrowed from the Policy Bank many times, and I keep borrowing and paying back. After each investment, I have more money to buy more seeds and seedlings. Combined with the interest I earn from my work, up to now, I only owe the student support program for my children's education.”
According to Mr. Ha, the "support" of the loan from the Policy Bank along with the method of raising goats in high cages has helped his family become well-off and rich. Maintaining a herd of 30-40 goats, he invested in building a row of stilt-house-style barns, so that the goats can live on high cages, so that the animals can grow very healthily. Each cage holds about 3-5 goats, and the row of more than 10 "stilt houses" is enough for the goats to reproduce and develop smoothly.
In addition to low-interest preferential loans, taking advantage of available food sources in the home garden, self-production and personal care of livestock means that food costs are minimized. “I grow more than 100 banana trees, sell both fruit and banana leaves, and combine them with banana leaves and stems for goats, pigs and chickens. The source of animal waste, especially goat manure, is very good for the growth of plants. In this way, the rotation of livestock and crops to supplement food back and forth is both economical and ecological, ensuring clean products,” said Mr. Nguyen Hong Ha.
To increase income from goat farming, in addition to selling commercial goats by the head, at a price of about 2.5 - 3.5 million VND/head, Mr. Ha also provides on-site processing and butchering services with a service price of 500,000 VND/goat over 20 kg; for goats under 20 kg, the butchering service price is 400,000 VND. From the initial loan from the Bank for Policy Startups, the foundation was created to invest in livestock farming, expand the herd and plant more fruit trees, forming a comprehensive farm growing bananas, jackfruit, elephant grass, sugarcane, raising eels, goats, buffaloes, cows, etc. Up to now, Mr. Ha has had in hand a spacious farm, a variety of livestock and crops, providing a steady income.
From the available facilities, Mr. Ha is currently orienting agricultural production towards organic farming and livestock raising, ensuring that the products produced meet food safety requirements, which is also a way to maintain sustainability in the exploited area. Thanks to the implementation and persistence in the direction of "green" production, not only production costs are minimized, but the production environment as well as the living environment of his family are also guaranteed, without worrying about the negative effects of pesticides on health. With this direction, Mr. Ha plans to continue borrowing capital from the Policy Bank when there is a need to invest in expanding production as well as serving the education of his children.
Mr. Vuong Sy Hoa - Director of Thai Hoa Town Social Policy Bank said: People of Thai Hoa Town are inherently hard-working and have experience in production and business. In the area, preferential loans from the Social Policy Bank have helped many households have more conditions to increase production and develop the economy. In 2023 alone, with a loan turnover of 6,992 billion VND in the third quarter, bringing the loan turnover in the first 8 months of 2023 to 82,650 billion VND, helping more than 1,359 poor households and policy beneficiaries to borrow capital, including 11 poor households and 872 near-poor households; the job creation loan program has attracted and created jobs for more than 180 local workers, built and repaired nearly 470 clean water and sanitation works, etc.
Loan sources have been creating timely support conditions to help poor households and policy beneficiaries have conditions to develop the economy, increase income, stabilize life, contribute to job creation, and ensure social security in the whole town.
In the coming time, Thai Hoa Town Social Policy Bank will continue to maximize all preferential capital sources for the locality, pay attention to allocating and disbursing capital sources in a timely manner, creating conditions for people to access easily and quickly. At the same time, advise the Representative Board on disbursing loan programs according to Resolution 11/NQ-CP such as social housing loans according to Decree 100/ND-CP, loans for non-public preschools and primary schools according to Decision No. 11/2023/QD-TTg and loans for students to buy computers according to Decision No. 05/2023/QD-TTg in accordance with the guiding documents of the Central Government and the province...
