Get rich thanks to small loans

Returning home from the army service, Lò Văn Hùng, born in 1977 in New Hamlet, San Thàng commune, Lai Châu township, began to earn his living without any his own capital or asset. After many nights of worrying and thinking what should be done to escape from poverty.

He conferred with his family to receive two hectares of the hill around home and borrowed VND 20 million for investing into the project of garden, pond, breeding facilities and hill. After two hard-working years, the hill had covered with verdant and luxuriant fruit trees, which brought about VND-25-million income for his family in the first harvest year. In addition, with the initial savings, he bought two hectares of paddy field and hill, continuing investment into breeding facilities for cattle and poultry. With the remained amount, he hired an excavator for dredging nearly 6,000 square meters of fishpond to raise carps, armurs, chubs etc. As a result, he sold more than two tons of mature fish. Now he has built large and airy breeding facilities at 250 square meters with over 30 mature pigs and over 100 chickens and ducks. Making full use of the cultivated soil surrounding home, he raised three reproductive cows as well as improved 200 squared meters of soil for growing subsidiary crops and breeding poultry. As a result, his family earned profits of more than VND 45 million annually.

Being active, enthusiastic and resourceful, he is assigned as the member of Executive Board  of communal Youth Union. During the meetings of communal Youth Union, he launched propaganda about Party policies and State law as well as guided other members to apply technical and scientific progress into production, conversing seed plants and animal for purpose of highly economic effectiveness.

Also, Lò Văn Hùng is the pioneer in the charity support movements, such as helping flooded victims, handicapped children, the helpless old etc. He confided: “As you know, what I have achieved is thankful to the hard-working effort of my entire family. After returning home from the military service, the conditions of my family were very hard at that time. We had to live with my grandparents, my wife worked as a dressmaker right at home, creating little profit while my children were still too young to help us. We have thought a lot and reached the final decision of going into business without any capital. Luckily, I have got the preferential loan from VBSP for helping my business”. As such an energetic person of getting out of poverty, Hung received the deserving achievements from his excellent effort.  

Not only striving for economic development and participation into social activities, but also Hung is such a model husband and father who has reared and taught his children to be obedient and well-educated. The villagers believe in his actual works and follow his experiences in a bid to implement poverty reduction.

Photos and article from Cao Thái - Lai Châu Bran