Ethnic minorities in Cao Bang

In all the villages of ethnic minorities in Cao Bang province, policy credit has become an effective “lever” to help accelerate poverty reduction sustainably, ensure social security, helping ethnic minorities gradually improve their material and spiritual lives.

VBSP’s officer and local authorities inspect the effectiveness of loans for production and business in Ngoc Dao commune, Ha Quang district

Promoting production

Over the years, VBSP Cao Bang Provincial Branch has actively implemented lending programs, bringing preferential loans to the right borrowers, the right beneficiaries, promoting the effectiveness of capital in social life.

Ms. Dinh Thi Thom (in Xuan Thanh hamlet, Tien Thanh commune, Quang Hoa district) shared: "In 2019, my family was still a poor household. We have good health, but lack capital to invest in production development. With a loan of VND 50 million from VBSP Quang Hoa district, I invested in barns, bought buffaloes, sows, and developed livestock farming. After 5 years of working hard, my livestock farming has brought many positive results. My family has developed 11 sows, each year, my family's income is about VND 200 million".

Thanks to policy credit capital, up to now, there are many effective horse, cow, pig and goat breeding models in the hamlet, helping improve and increase their income. Up to now, 12 households have got out of poverty, 7 households have got out of near poverty. Many families have built spacious houses, purchased many expensive items for life and production.

Bringing capital to the people

Model of effective loans use in Ngoc Dao commune, Ha Quang district

According to the report of VBSP Cao Bang Provincial Branch, up to now, there are 61,636 poor households and other policy beneficiaries taking loans with a total outstanding loan balance of VND 4,492 billion, an average of VND 72.9 million/household.

Until 2024, 211,575 poor households, near-poor households and other policy beneficiaries have borrowed VND 8,921 billion. Thereby, policy capital has contributed to helping nearly 44,000 families getting out of poverty; creating jobs for nearly 39,000 workers; supporting 298 workers to borrow capital to work abroad...

Every month, the Transaction Offices have organized transactions at the headquarters of the People's Committees in order to help the poor, near-poor households and other policy beneficiaries to borrow capital conveniently, reducing time and travel costs to carry out credit procedures.

Mr. Trieu Dinh Le - Standing Deputy Secretary of the Provincial Party Committee, Chairman of the Cao Bang Provincial People's Council emphasized: Policy credit has become an important driving force to help accelerate poverty reduction quickly and sustainably, ensure social security, gradually improve the material and spiritual life of ethnic minorities. In the coming time, the province will continue to pay attention to directing all levels, sectors and localities to strengthen coordination with officials working on policy credit to improve the quality and efficiency of policy credit capital.

Minh Tuan