Tiếng việt
Stay Connected:

News & Events

Updated: 2024-05-10 16:16:51

Empowering poor ethnic minority households

Currently, there are 32,537 households with 30 ethnic groups living together in Krong Nang district (Dak Lak). Of which, ethnic minorities account for 32.35% of the district's population. Ethnic groups with large populations include: Ede, Tay, Nung, Thai, Muong, Dao, Chut, Cao Lan...


Ms. Ha Thi Phan (in Ea Krai village, Dlieya commune, Krong Nang district) uses preferential loans for cow farming

To Implement preferential credit policies under the National Target Program for socio-economic development in ethnic minority and mountainous areas in the period 2021 - 2030 (referred as National Target Program 1719), VBSP Krong Nang district has actively brought preferential credit to local people, creating opportunities to improve the lives of ethnic minority people and accelerating the process of sustainable poverty reduction in the locality.

Ms. H'Rin Mlo's family (in M'rum village, Ea Ho commune) was poor household and had coffee garden. In 2020, when receiving a loan of VND 40 million from the district VBSP, she planted 80 more durian trees and 20 green-skinned grapefruit trees intercropping in the coffee garden. In 2023, she continued to be loaned another VND 40 million. Up to now, the intercropping garden has developed well. Ms. H'Rin said: "My family is in disadvantaged situation, luckily, we can access to preferential loans for poor households to develop household’s economy, so we are very excited".

Ms. H'Hong Nie's family (also in M'rum village, Ea Ho commune) only had 8 acres of coffee. Her coffee trees were old, so the productivity decreased. Her family’s income depended only on the wages of her husband and her, so, they still have remained poor for many years. In 2022, through the Commune Women's Union, Ms. H'Hong's family was loaned VND 30 million by VBSP to buy two cows, worth VND 20 million, and the remaining money was invested in taking care of the coffee garden. Up to now, the two cows have given birth to two calves, the garden is growing well, and her family's life is gradually stabilizing...

Previously, Ms. Ha Thi Phan (Thai ethnicity, in Ea Krai village, Dlieya commune, Krong Nang district) was one of the poor households in the village. In 2020, her family borrowed VND 30 million from the district VBSP to take care of a macadamia garden intercropped with more than 100 pepper pillars. Now, her family life is improving on a daily basis.

During the period 2019 - 2023, 5,283 ethnic minority households has taken preferential loans from VBSP Krong Nang district, with the total amount of more than VND 177.3 billion to develop production and stabilize the lives of local people.

Mr. Mai Van Tram - Director of the District VBSP said: Ethnic minorities in the district have accessed to preferential loan programs for the poor, near-poor, post-poor households, jobs creation, disadvantaged students... With preferential policy credit loans, ethnic minority households have used it for agricultural and livestock production, helping improve their lives and enrich themselves.

By the end of 2023, the entire Krong Nang district has had 5,169 poor households (accounting for 15.88% of the entire district's households). Of which, 3,077 poor ethnic minority households, accounting for 59.52% of the total households; 3,486 near-poor ethnic minority households, accounting for 10.71% of the total households. By 2029, Krong Nang has strived to reduce the rate of poor ethnic minority households by 3 - 3.5%/year.

The Hung



Poor Households

Lending to poor households 6,6%/year
Lending to poor households in 64 poor districts as stipulated by the Government Resolution No.30a in 2008 3,3%/year

Near Poor Households

Lending to near poor households 7,92%/year


Lending to disadvantaged students 6,6%/year

People in need of loans for job creation

Lending to business establishments owned by war invalids and handicapped persons 3,3%/year


Term Deposit Rate
Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year