With the effective management and use of capital by the Farmers' Associations (FAs) at all levels and their members, in recent years, the FAs' Support Fund (FAF) has become one of the credit sources to help farmers develop production and business, bringing practical results, becoming a solid foundation contributing to poverty reduction and socio-economic development in localities. From this source of loans, many FAs' members have solved difficulties, gradually increased production scale, developed occupations and collective economic forms in rural areas...
Farmers in Cao Phong town (Cao Phong) develop their economy with a model of poultry farming combined with growing citrus fruit trees.
The People's Council of Hang Tram town (Yen Thuy) currently manages the People's Council Fund of 550 million VND, through 2 projects for 18 households to borrow capital. From this loan source, households have boldly invested in renovating mixed gardens, building models of planting and raising livestock, expanding the scale of developing industries, and striving to stabilize their lives. Ms. Bui Mai Thanh, Chairman of the People's Council of Hang Tram town, said: Through inspections and reviews at the association's facilities, it can be seen that the People's Council Fund is used by the borrowing households for the right purposes. When the loan term expires, the households pay back the capital and fees in full, and at the same time create a connection between the borrowing households when exchanging experiences in effective use of capital, experience, production techniques... Currently, from the People's Council Fund, in the town there are a number of effective projects and economic models such as: Ms. Bui Thi Ngoc's household, Khang Chong quarter with a project to raise breeding cows; Mr. Bui Van Liem's household, Khang Chong neighborhood with a sow farming project...
Not only in Hang Tram town, last year, the Farmers' Association Fund disbursed 60 projects in the whole province with a total amount of VND 19,195 billion, lending capital to 574 farmers, bringing the total number of lending projects to 184 with over 8,270 households receiving loans. Also from the Farmers' Association Fund capital, many effective projects have built production and business cooperative models. In 2023, the whole province established 14 new cooperatives and 105 cooperatives, bringing the total number to 240 cooperatives and 598 cooperatives... Thereby contributing to changing farmers' awareness, shifting from small-scale production to group linkage, intensive investment, increasing productivity, contributing to building a cooperative production model and creating trust for cadres and farmers' association, attracting many members to participate.
Along with promoting the effectiveness of management and use of the Farmers' Association Fund, the Association at all levels has increased activities to support farmers in starting a business, changing awareness and thinking of agricultural production from small-scale, fragmented, and isolated to large-scale production; orienting from household production to value chain, expanding linkages; shifting from productivity-focused production to added value; and at the same time increasing the application of high technology in agriculture. Last year, the whole province had 70,789 HVND households registered and 40,132 households achieved the title of excellent production and business at all levels (achieving 121.6% of the assigned target). From the "fulcrum" of farmers, many farming households have strived to escape poverty, becoming well-off and rich households. A typical example is the household of Mr. Ha Van Cuong, Van hamlet, Mai Chau town with a goat farming model combined with a tourist motel business; Mr. Dinh Cong Su's household, Cao Son commune (Luong Son) with a livestock farming model combined with fruit tree planting, average annual income of over 1.5 billion VND; Mrs. Nguyen Thi Thuy Ngan's household, Phu Nghia commune (Lac Thuy) with a dairy farming model combined with perennial tree planting, average annual income of over 1.3 billion VND...
Comrade Bui Duc Bien, Vice Chairman of the Provincial Farmers' Association, said: The Farmers' Association Fund was implemented with the goal of prioritizing loans to build and replicate economic development models that promote the potential and advantages of the locality; apply scientific and technological advances and new technologies to production and business; have production linkages according to the value chain; products must ensure food hygiene and safety, aiming for products that meet local OCOP standards. Last year, the growth of the Farmers' Association Fund was 8,248 billion VND, bringing the total amount of the Farmers' Association Fund to 54,288 billion VND. 60 projects have been disbursed, with hundreds of households receiving loans to develop production and business. It can be said that the Farmers' Association Fund has become a "fulcrum" to help Farmers' Associations in the province invest in expanding production and business, increasing income, and creating jobs. Thereby contributing to shifting the economic structure and building new rural areas.
Thu Hang
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