Diversify capital sources for farmers

In recent times, the Farmers' Association at all levels in Phu Tho town has created conditions to help farmers access and effectively use capital sources to develop the economy, increase income, and contribute to promoting the movement of farmers competing in good production and business.

Leaders of Phu Tho Town Farmers' Association visited the seedling model of Mr. Nguyen Van Dong's family in Zone 1, Ha Loc Commune.

Visiting the VAC comprehensive economic development model of Mr. Nguyen Van Dong's family in Zone 1, Ha Loc Commune, we learned that in the past, Mr. Dong, like many other farmer members, developed small-scale family economies with low efficiency.

In 2012, Mr. Dong began developing a model of planting seedlings, including forestry trees such as: Acacia, eucalyptus, lat, doi, camphor, fruit trees such as star apple, custard apple, palm, jackfruit... bringing economic efficiency. By 2022, Mr. Dong joined a livestock cooperative and was able to borrow 50 million VND from the farmer support fund.

Mr. Dong shared: “After receiving the loan, I invested in livestock barns and expanded the model. Up to now, I raise over 100 wild boars, 20 goats, 40 dogs, 500 free-range chickens, geese, and many types of fish in the pond... bringing in an income of over 700 million VND/year.”

Mr. Han Minh Chinh in Zone 3, Thanh Minh Commune chose to develop the economy from the model of opening a mechanical workshop, which initially brought economic efficiency. In 2022, he was lent 400 million VND by the Town Farmers' Association from the job creation fund of the Social Policy Bank.

He has expanded the workshop area to ^700m2 , specializing in the production of aluminum and glass, industrial wood furniture, and mechanics, bringing in an income of over 800 million VND/year, creating stable jobs for 8 workers with an average income of over 10 million VND/person/month.

In recent years, the Farmers' Association of Phu Tho town has diversified its capital sources to support members such as: Farmers' Support Fund, Social Policy Bank's trust capital, job creation capital... creating credit capital with the goal of prioritizing loans to build and replicate economic development models that promote local potential and advantages, apply scientific and technical advances and high technology in production, have production linkages along the value chain, products created ensure food hygiene and safety, aiming to meet local OCOP standards...

Currently, the Town Farmers' Association manages the Farmers' Support Fund with nearly 2.6 billion VND for lending to farmers to raise breeding cows, sows, grow safe vegetables, produce vermicelli, cakes, grow fruit trees, etc.; receives entrusted loans from the Social Policy Bank, manages 47 savings and loan groups with a total value of over 52 billion VND for 1,704 farmer households to borrow. The capital sources are strictly managed, used for the right purposes, bringing practical economic efficiency to farmer members.

From loan sources, farmers' association members of Phu Tho town have enthusiastically competed in labor, production, innovated their thinking and working methods, strived to get rich; actively transformed the structure of crops, livestock, and crop seasons; exploited the potential and strengths of land and labor of each locality, boldly applied technical advances and new technologies to production. Many models have large-scale production, attracting hundreds of workers, generating income from several hundred million to billions of VND per year.

Mr. Le Van San - Chairman of the Farmers' Association of Phu Tho town said: In the coming time, the Farmers' Association of the town will continue to maintain and improve the efficiency of its operations, sign cooperation agreements, and entrust loans with banks, creating conditions for farmers to access loan sources for investment in production and business development. At the same time, proactively and actively advise the government to allocate additional budget for the Farmers' Support Fund; promote propaganda and mobilize non-budgetary sources; coordinate guidance, inspection and supervision to ensure that loan sources are used for the right purposes and promote efficiency...

Linh Nguyen

Source: https://baophutho.vn/da-dang-nguon-von-cho-nong-dan-217828.htm