Agribank Khanh Hoa, companion of local farmers

Credit used effectively

 

In 2012, Nguyen Huu Nghia (Binh Ba Tay Hamlet, Cam Binh Commune, Cam Ranh City) lent VND30 million from Agribank Cam Ranh along with his own capital of VND100 million to start raising lobsters. He used the loan to buy foodstuff for lobsters. Getting profit, he increased his raising area gradually. His number of lobster cages has increased from 4 to 70 now. He is going to sell 8,000 lobsters. He has just invested VND1 billion into a new brood of lobsters. Nghia said that Agribank Khanh Hoa has supported his family’s breeding during past time. His credit balance in the bank now is VND300 million. His family has used loans from the bank effectively.

 

 

 

According to Vo Ngoc Linh, Vice-chairman of Cam Binh Commune People’s Committee, most people in the commune do aquaculture, and loans from Agribank have supported them in raising fishery and expanding raising area. Agribank’s credit balance in the commune is about VND40 billion now.

 

Nguyen Tan Hai, in Quang Phuc Hamlet, Cam Thanh Nam Commune, Cam Ranh City, who has a big farm, also confirmed that the capital of VND1.4 billion lent from Agribank Cam Ranh partly helped his family to invest their pig farm with 3,600 pigs like now.

 

According to Huynh Tan Quang, director of Agribank Cam Ranh,  this branch has carried out policies on credit for agriculture and rural areas effectively. Till end 2017, credit balance was VND928.7 billion, including VND435 billion for agriculture and rural areas.

 

Big credit for agriculture and rural areas 

 

Till December 31, 2017, total credit balance of Agribank Khanh Hoa was VND7,078 billion. Credit balance in agriculture and rural areas made up 68% with VND4,819 billion.

Nguyen Dinh Cuong, deputy director of Agribank Khanh Hoa said that during the past 30 years, Agribank Khanh Hoa is the leading bank in supply credit for programs of agriculture like changing plants and animals, developing aquaculture, building new rural areas, developing key industries, raising fishing capacity, developing farming, etc. Agribank Khanh Hoa also accompanied with the sugarcane program by investing in 2 sugar factories in Ninh Hoa and Cam Ranh, supporting capital for these factories to purchase modern production lines, supporting capital for sugarcane growers, etc. The capital for the sugarcane program has partly improved rural areas and facilitate ten thousands of farmers to reduce poverty and improve living.

 

The capital from Agribank Khanh Hoa has also contributed in the development of aquaculture in the province. Agribank Khanh Hoa supplied finance to help lobster raising to develop in Van Ninh, Cam Ranh and Nha Trang with nearly 15,000 cages, contributing export as well as increase foreign currency income for the province.

 

Besides, jointly carrying out the program of reducing poverty and building new rural areas, Agribank Khanh Hoa coordinated localities to give credit to farmers. It’s possible to say that  Agribank has created chances to escape poverty and enrich for local farmers, then step up the development of agriculture and rural areas.

 

Nam Du

 

Translated by T.T