Developing family economy from loans from the Bank for Social Policies

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(BTNO) - The loan capital for job creation from the Social Policy Bank (SPB) of Go Dau district has helped many households in Phuoc Dong commune develop production and business, increase income, improve life, and contribute to reducing the number of poor and near-poor households in the locality.

Mr. Nguyen Tan Tuong takes care of his family's cows.

Ms. To Cam Dung, Chairwoman of the Commune Farmers' Association, said: "Up to now, the Commune Farmers' Association has coordinated with the district's Social Policy Bank to consider loans for more than 640 households, with a total amount of more than 19.4 billion VND. The households have used the loan capital for the right purpose, bringing practical results. The social policy capital has helped farmer members develop production, business, household economy... People's lives have been increasingly improved, up to now, the whole commune has only 6 poor households, accounting for 0.16% of the population."

A typical example is the household of Mr. Nguyen Tan Tuong, residing in Suoi Cao B hamlet, Phuoc Dong commune, which has improved thanks to the job creation loan from the Vietnam Bank for Social Policies. It is known that in 2022, Mr. Tuong's family borrowed 50 million VND to invest in buying 3 breeding cows. To date, Mr. Tuong's herd has 11 cows, the family's economy is stable and is considered a household that has escaped poverty sustainably in the locality.

Ms. To Cam Dung - Chairman of the Commune Farmers' Association added: "In the coming time, the Commune Farmers' Association will continue to coordinate well with the district's Social Policy Bank to effectively implement policy credit programs, helping people develop the economy, stabilize family life, and contribute to maintaining the title of an advanced new rural commune.

Nguyen Trong

Source: https://baotayninh.vn/go-dau-phat-trien-kinh-te-gia-dinh-tu-nguon-von-vay-ngan-hang-chinh-sach-xa-hoi-a188132.html