Over the past years, thousands of farming households and hundreds of agricultural economic models have been able to access loans from the Farmer Supporting Fund of Khanh Hoa Province. Many farming households have escaped from poverty and got rich thanks to the support of this fund.
Over the past years, thousands of farming households and hundreds of agricultural economic models have been able to access loans from the Farmer Supporting Fund of Khanh Hoa Province. Many farming households have escaped from poverty and got rich thanks to the support of this fund.
Many models implemented
According to the provincial Farmers’ Association, most of the models of borrowing money from Farmer Supporting Fund are operating effectively, and helping its members and farmers. For example, the project "Growing Thai jujubes in net house" of Cam Thanh Nam Jujube Co-operative (Cam Ranh City) was lent 400 million VND to buy nets to prevent insects, drip irrigation system, etc., contributing to the total revenue of more than 3.5 billion/year for the cooperative.
The cooperative model "Growing mulberry trees and raising silkworms" in Ninh Thuong commune (Ninh Hoa town) was lent 500 million VND for 12 households to raise in silkworms according to the technical standards of the Central Silkworm Research Center. As a result, the quality of cocoons is very high. On average, 1 box of silkworms produces 45 - 50kg cocoons per month, earning 1.2 billion/year in total income and creating jobs for 22 workers.
The model of growing mangoes, joined by 15 members, in Cam Hiep Bac commune, Cam Lam district was lent 1 billion VND to invest in seeds, fertilizers, plant protection drugs, soil improvement, automatic watering system, etc. The model earns more than 5.5 billion VND per year in revenue, creating jobs for 40 employees.
In the breeding, a typical example is raising lobsters in cage in Cam Lap commune (Cam Ranh city). 10 households borrowed 400 million VND together to develop lobster farming. This model has gradually developed and has a total income of 11 billion VND/year, creating jobs for 35 employees.
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Constantly growing
The Farmer Supporting Fund of Khanh Hoa Province was established in 1996. Up to now, the fund is managing nearly 69 billion VND. The fund has supported capital for 187 collaborative models, given loans to more than 3,700 households. Over the past 10 years, loans from the Farmer Supporting Fund have reached more than 150 billion VND, supporting more than 500 times of collaborative models and more than 8,000 households. Especially, the simple loan procedures along with the maximum loan amount of 80 million VND for each household without collateral security has facilitated borrowers to access the fund's capital.
According to Nguyen Trong Trung - Chairman of the Provincial Farmers’ Association, along with lending, over the past 10 years, farmers' associations at all levels have organized 11,927 training courses to transfer science and technology to more than 631,000 turns, opened 250 agricultural vocational training classes for 14,000 participants ... Thereby, the activities have helped borrowers promote efficiency of capital, reduced credit risks, built models in the direction of associating in production, ensuring food safety and enhancing the value and competitiveness of products.
From the capital of the Farmer Supporting Fund, until now, the provincial Farmers’ Association has built 290 effective economic models, creating jobs for more than 15,000 employees. Nguyen Trong Trung emphasized, “Over the past years, the fund of the provincial Farmer Supporting Fund has partly solved the capital needs of farmers, and then reduced black credit in rural areas. The fund has supported farmers to develop production and business, increase income, stabilize their living, partly reduce poverty, create jobs, and participate in economic restructuring towards goods production, build production models with high income, produce safe and good farm products ”. On the other hand, the fund is also an important basis for the Association to direct farmers to participate in the cooperative economy and the socio-economic development.
Hong Dang
Translated by T.T
