Poor households in Bac Kan province utilize loans for improving incomes

(VBSP News) In recent years, thanks to VBSP’s loans, many members of veterans association in Pac Nam district where is the poorest district in Bac Kan province have been supported with lending capital and known how to use the loans effectively to develop their household economies stably.

In 1993, Mr. Quach Van Giai left the army and came back to his village with nothing in his hands. At that time, Boc Bo was still a commune in Ba Be district, Cao Bang province with difficult transportation, scattered population; therefore his plan for developing his household economy was not implemented. The life was always busy with earning a living which unintentionally made Mr.Giai only interested in taking better care of his two-crop 2,000 square meter field and small garden beside the house. By 2003, when Pac Nam district was separated to be a district of Bac Kan province and VBSP’s district branch was established, it was also the time for Mr. Giai sprang up his wish of escaping poverty and getting rich. In the early 2004, through veterans association in Boc Bo commune, he was lent VND 10 million of a preferential loan from the credit program for the poor to invest in pig rearing and this brought about initial fruitful results for him.

From such results, in 2008, he continued to be lent more VND 30 million by VBSP to improve integrated farming system (garden-pond-livestock and forest). With his hard work together with boldly applying science and technology in production as well as effectively using of the loan, until now, his family has own a large fish pond of over 1,000 square meters, earning an income of VND ten million. Besides, his family also raised chickens, pigs and planted eight hectares of forest. Mr. Quach Van Giai said: “Previously, my family was always in difficult situation, however, thanks to the supports of local agencies, especially preferential loans and study tours in many other areas, now I have my own farm and household economic development. Our life is now stable, my children are good students, and my family can buy some furniture and facilities comfortable for living (television, motorcycle) and for production (tractors, mowers)”  

According to Mr. Tran Xuan Le, Director of VBSP’s Bac Kan branch: In recent time, with the assistance of preferential loan, thousands of members of veterans association in the province has escaped from poverty, developed stable economy of  their house holds like Mr. Quach Van Giai’s family, and also many good business models have created jobs for the local labors. Pac Nam veterans association has been entrusted for loans from VBSP for nearly seven years with the total outstanding loan of over VND 20 billion.

It can be said that veteran association in Bac Kan province in general and in Pac Nam district in particular have close ties with VBSP, making favorable conditions for each of its members in the way of thinking and doing to make escape from poverty and master their lives.

Nguyen Dong Du