Effectiveness of preferential capital in Dak Lak province

(VBSP News) Over the past years, VBSP in Dak Lak province has enhanced the quality of its entrusting activities, bringing preferential credit to all villages and hamlets at 183 commune transaction points, with 4.222 Savings and Credit groups and timely helping the poor and ethnic minority households to develop production, improve living standards and sustainably reduce poverty.

Up to now, there are over 202.000 borrowers with total outstanding loans of more than VND 4,659 billion, an increase of nearly VND 291 billion compared to the end of 2018 in Dak Lak province, as a result, many poor households and policy beneficiaries have gradually improved their living standards, many of them have even escaped from poverty, many thousands of laborers have jobs, etc. The following images will demonstrate the effectiveness of preferential capital in the highlands.

Mr. Nguyen Van Duong in Dai Dong hamlet, Ea Nuol commune, Buon Don district (Dak Lak) borrowed VND 50 million from poor households lending program to invest in raising cows and vegetables, growing fruit trees and expanding area of coffee plantation

Mr. Duong's orchard is about to be harvested

Mr. Y Din KTLa, Eden in Sut MDung hamlet, Cu Sue commune, Cu Mgar district (Dak Lak) borrowed VND 50 million from poor households lending program to invest in expanding area of coffee plantation and raising pigs

Mr. Y Din KTLa is sharing the experience of planting pepper and coffee

In addition, his family also plants avocado tree to make more income

Ms. Pham Thi Tram in lot 13 village, Dray Bhang commune, Cukuin district borrowed VND 20 million from the lending program for business and production households living in extremely disadvantaged areas and communes to invest in abalone mushrooms, every year she got the income of VND 40 million

Mr. Nguyen Van An in Thanh Cong village, Hoa Hiep commune, Cukuin district borrowed VND 40 million from the lending program for business and production households living in extremely disadvantaged areas and communes to plant vegetables