"Fulcrum" helps many households escape poverty sustainably

In recent years, along with social security programs, policy credit capital from the Vietnam Bank for Social Policies (VBSP) has become an important "support" to help poor and near-poor households, especially those in disadvantaged areas and ethnic minority areas. Thanks to that, many households have the conditions to produce, do business, develop family economy, improve their lives and gradually escape poverty sustainably.

Mr. Thach Ngoc Dang, residing in Ba Lang hamlet, Ke Sach commune, Can Tho city , harvests termite mushrooms.

In 2020, the family of Khmer farmer Thach Ngoc Dang, residing in Ba Lang hamlet, Ke Sach commune, Can Tho city, switched to goat farming. With a loan of 50 million VND from the VBSP from the capital source of the production and business loan program for disadvantaged areas, Mr. Dang invested in barns, breeding animals, and increased the number of goats. Thanks to the good income from this livestock, he has paid off all the interest and capital to the bank.

Sharply grasping effective economic models, Mr. Dang tried his hand at frog farming. He continued to borrow preferential loans from the Vietnam Bank for Social Policies to build frog ponds. With diligence and eagerness to learn, Mr. Dang expanded the scale and diversified livestock, improving his family's economy.

In early 2025, Mr. Dang borrowed 100 million VND from the Ke Sach Social Policy Bank Transaction Office to invest in growing termite mushrooms. After 1 month, he harvested 3-5 kg ​​of termite mushrooms per day, selling them for about 200,000 VND/kg. Thanks to his diligence and proper use of capital, on average, Mr. Dang's family earned over 20 million VND per month from 3 farming models.

In recent times, the Ke Sach Social Policy Bank Transaction Office has always coordinated with local authorities to review actual needs, prioritizing timely disbursement of capital to disadvantaged groups. According to Mr. Tang Ba Thien, Vice Chairman of the Ke Sach Commune People's Committee, access to policy loans has helped many ethnic minority households have more motivation to produce, do business, develop the economy, contributing to sustainable poverty reduction and new rural construction in the locality.

To date, the total outstanding loans from social policy credit programs in Ke Sach commune have reached more than 683.4 billion VND, an increase of 92.5 billion VND compared to the same period in 2024, with over 18,500 households borrowing capital with outstanding loans. Mr. Nguyen Chi Linh, Deputy Director of Ke Sach Social Policy Bank Transaction Office, said: "We will continue to accompany and promptly disburse capital to poor households, near-poor households and ethnic minority households with production needs, to help people stabilize their lives, escape poverty and strive to become rich legitimately".

It can be affirmed that policy credit capital has been promoting positive effects, becoming an important driving force to help many ethnic minority households in Can Tho City stabilize their economy and firmly step on the path of sustainable poverty reduction.

Article and photos: THANH TAM

Source: https://baocantho.com.vn/diem-tua-giup-nhieu-ho-dan-thoat-ngheo-ben-vung-a190557.html