Thanks to preferential capital, Mr. Tan has the conditions to invest in expanding his chicken farm - Photo: TP
Van Quy General Production and Service Cooperative, Hai Lang District has a total of 260 members, currently cultivating more than 140 hectares of rice fields. In order to ensure irrigation, in early 2021, from a preferential loan of 300 million VND from the Provincial Cooperative Development Support Fund, this cooperative invested in building a new pumping station. Thanks to that, the production process of its members has become more favorable. Not only that, from early 2024 until now, the cooperative has continued to borrow an additional 500 million VND in working capital to trade in materials and produce organic rice.
Mr. Nguyen Duc Toan, Director of Van Quy General Production and Service Cooperative, said that accessing preferential capital from the Provincial Cooperative Development Support Fund has helped the unit have more conditions to invest in infrastructure development and improve the quality of operations.
“The loan procedures are simple, the interest rate of the Provincial Cooperative Development Support Fund is many times lower than that of commercial banks, which is very beneficial for the cooperative and its members. During the process of operation and development, we have received support from the locality as well as the Quang Tri Cooperative Union. The fund's loan capital for cooperatives has been effective, contributing to increasing the income of members, thereby creating momentum for the production and business activities of the unit,” said Mr. Toan.
Thanks to capital from the Provincial Cooperative Development Support Fund, Mr. Tran Huu Tan (born in 1967), in Duong Dai Thuan village, Trieu Thuan commune, Trieu Phong district, has expanded his chicken farm. Raising chickens in 2017, in early 2019, with the desire to expand the farm from 1,000 m2 to 1,600 m2, he was approached and supported with a loan of 700 million VND. This amount was invested in automatic machinery systems such as: feeding machines, watering machines, brooding machines, fans, etc.
Raising chickens according to the joint model, on average each year, Mr. Tan's family raises about 3 batches of chickens with a quantity of 15,000 - 16,000 chickens/batch. The farm not only brings him an average income of 250 million VND/year but also creates jobs for a number of workers in the area.
Mr. Tan said that the Provincial Cooperative Development Support Fund has helped cooperatives and members in the whole province have more conditions to invest in production and livestock farming. With an interest rate of 0.43%/month, cooperatives and members can feel secure in production and not have to bear the pressure of debt repayment. "My family's farm is what it is today thanks to the great support from the Provincial Cooperative Union and the Provincial Cooperative Development Support Fund. I hope that in the future, I will continue to receive more attention and support to have conditions for effective investment and production," Mr. Tan confided.
The Provincial Cooperative Development Support Fund under the Quang Tri Cooperative Union was established in 2009 with the aim of providing additional financial resources for cooperatives, cooperative groups, and cooperative unions to invest in expanding and developing production, business, and service activities. Thereby, continuously improving the quality of services to support agricultural economy , household economy, and farm economy to develop in the right direction; supporting innovation activities, product development, technological innovation, techniques, and markets, and building and replicating typical and advanced cooperative models.
As of June 2025, the fund has disbursed loans to 273 projects with a revolving capital of VND 88 billion. The current outstanding loan is VND 12.3 billion/54 projects. The lending fields are diverse such as: livestock farming on an industrial farm scale, vehicles, machinery for agriculture , production, construction of factories, warehouses, working capital loans for production services of cooperatives...
In general, all loan projects use capital for the right purposes, in line with market trends and local economic development orientations. Investment in technological innovation in production contributes to transforming the production structure towards modern industry, bringing economic efficiency and income to cooperatives, cooperative groups and members.
Director of the Quang Tri Province Cooperative Development Support Fund Dao Thi Thanh Loan said that based on its tasks, the unit has soon developed a specific annual plan to implement the task of providing preferential loans to the collective economic sector and cooperatives.
The Fund is allowed to lend short-term, medium-term, and long-term, so the loan term is flexible based on the production and business cycle or the cycle of livestock, crops, and investment projects. The appraisal and disbursement of loan projects are conducted in accordance with the issued regulations and regulations of the Cooperative Fund, in accordance with market prices and ensuring the ability to recover debt for the loans of the projects.
It can be seen that the activities of cooperative development support funds have contributed to promoting the process of new establishment and improving the operational efficiency of the collective economic sector; encouraging investment in technological and technical innovation, expanding production and consumption, linking with enterprises associated with domestic and foreign market value chains. Thereby contributing to increasing revenue, profit, competitiveness, creating jobs for many workers, helping to shift the occupational structure in the collective economic sector and ensuring social security in localities.
“Quang Binh province currently does not have a cooperative development support fund. Therefore, after the merger, the provincial cooperative development support fund will continue to promote loan disbursement to cooperatives, cooperative unions; cooperative group members, cooperatives in need of loans for economic development and propose to continue to supplement the fund's charter capital to meet production and business capital for members in the province,” Ms. Loan informed.
Truc Phuong
Source: https://baoquangtri.vn/phat-huy-hieu-qua-cua-quy-ho-tro-phat-trien-hop-tac-xa-194669.htm
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