Thanks to preferential loans, many Lang Son farming households escape poverty.

According to the report of the Social Policy Bank of Lang Son province, the locality currently has more than 17,800 farmer members borrowing preferential loans with an amount of more than 1,183 billion VND. In particular, some credit programs have large outstanding loans such as: Loan programs for poor households, near-poor households, newly escaped poverty households, job creation, production and business in difficult areas.

Production loan groups at the grassroots level promote and provide preferential loans to Lang Son farmers.

Over the years, the Bank Branch has always identified preferential credit capital as an important support to help farmers escape poverty and get rich. In order for capital to reach farmer members in a timely manner, the unit has actively coordinated with the Provincial Farmers' Association to widely disseminate the Government 's preferential loan programs, especially new programs and policies for people to understand.

In addition to coordinating to speed up the disbursement of credit programs, the Social Policy Bank Branch always pays attention to improving credit quality, actively reviewing, consolidating and improving the quality of operations of savings and loan groups. Thanks to that, the overdue debt ratio of the Provincial Farmers' Association is low, accounting for only 0.04% of the total outstanding loans.

Thanks to preferential loans, many Lang Son farming households escape poverty photo 2

Thanks to preferential loans, many farming households in Van Quan district have developed hill and forest economies, bringing high economic efficiency.

The family of Ms. Hoang Thi Doan, Na Re village, Trang Cac commune, Van Quan district, used to be a poor household with difficult circumstances. After receiving advice and guidance from the Farmers' Association and the Women's Association, her family boldly borrowed 30 million VND from the Social Policy Bank to invest in raising buffaloes and growing Bao Lam persimmons. Thanks to effective production, her family escaped poverty and was able to repay the bank loan. Currently, the family continues to borrow 50 million VND to plant and care for 2 hectares of star anise and purchase, build a drying kiln, and dry star anise. Thanks to the additional capital, the family now has a stable income of 80 to 100 million VND/year.

Another case is the family of Ms. Vi Thi Nguyen, Phieng Et village, Dong Quan commune, Loc Binh district, a poor household lacking capital to develop production. In 2019, with the guidance of the head of the village savings and loan group as well as staff of the district Social Policy Bank Transaction Office, her family applied for a loan of 50 million VND from the poor household loan program to invest in planting and caring for pine trees. “During the process of using the capital, I also actively participated in training courses on science and technology transfer organized by the commune. Thanks to that, my family's pine forest has developed well. From 2022 to now, some pine areas have been exploited, bringing the family an income of 90 million VND/year. Now my family has risen out of poverty, and our lives have gradually changed,” said Ms. Vi Thi Nguyet.

Thanks to preferential loans, many Lang Son farming households escape poverty photo 3

Authorities at all levels and functional sectors in Van Lang district, Lang Son province trained on the effective use of capital and development of household economy.

It can be seen that in recent years, the policy capital of the Social Policy Bank has truly become an important driving force, accompanying farmers in the province in their journey of poverty reduction and gradually becoming rich right on their homeland of Lang Son.

Nguyen Duy Chien

Source: https://tienphong.vn/nho-von-vay-uu-dai-nhieu-ho-nong-dan-lang-son-thoat-ngheo-post1754307.tpo