"Leverage" to help women escape poverty

In reality, many women are able to work and have the will to improve their lives, but still face difficulties due to a lack of production capital. Therefore, the Women's Union of Can Tho City has implemented models to support members in accessing production and business capital. This is a crucial "lever" that helps many women confidently rise out of poverty sustainably.

The interest-free savings and loan group of the Women's Association in Thuan Hoa hamlet, Xa Phien commune, has helped many members develop effective fish farming models in cages, achieving sustainable poverty alleviation.

The sturdy brick house of Ms. Huynh Truong Giang in Thuan Hoa hamlet, Xa Phien commune, is the result of nearly 5 years of diligent work with capital from the interest-free savings and loan group in Thuan Hoa hamlet. Previously, Ms. Giang's family was classified as a poor household, with income mainly from hired labor. The turning point came when Ms. Giang joined the interest-free savings and loan group of the Women's Association in the hamlet. With 4 million VND, she invested in buying froglings, utilizing her existing pond to raise frogs in combination with raising fish in cages. This model has helped Ms. Giang's family achieve a stable income and escape poverty sustainably.

According to Ms. Truong Thi Thanh, Head of the Women's Association in Thuan Hoa hamlet, stemming from the reality that many women wanted to engage in livestock farming and trading but lacked capital, she proposed establishing a savings and capital pooling group without interest. Each member contributes 100,000 VND per month to create a common fund. When needed, members are eligible for revolving loans, repaying them after six months without interest. Ms. Thanh said: “Even with capital, women who don't know how to do business will find it difficult to escape poverty. Therefore, we always closely monitor, guide, and advise on suitable models to ensure the capital is used effectively.” From an initial group with 24 members, Thuan Hoa hamlet has now developed five capital pooling groups with over 120 members.

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The interest-free savings and loan group model has also proven effective in Thoi An Hoi commune, home to a large Khmer population. Previously, Ms. Thach Thi Sa Vel in An Nhon hamlet ran a small grocery store with an unstable income. Using the revolving fund of 15 million VND per year from the interest-free savings and loan group, along with maintaining her grocery store, she brews rice wine and utilizes the leftover mash as pig feed. This self-sustaining approach reduces input costs and improves capital efficiency. As a result, Ms. Sa Vel's family earns over 50 million VND in profit annually. Ms. Sa Vel shared: “Now I am financially independent, have the means to care for my children and grandchildren, and set an example for them to strive to develop their family's economy.”

Ms. Duong Thi Kim Thi, Chairwoman of the Women's Union of Thoi An Hoi commune, said: “To ensure the capital is used effectively, the Union always accompanies its members in their livelihood development. Specifically, the Women's Union regularly coordinates training on livestock farming and crop cultivation techniques, guides on environmental treatment using biogas digesters; and connects with the Social Policy Bank to facilitate loans exceeding 1 billion VND for members to expand production; maintaining the "Turning Waste into Money" model to support disadvantaged members. This approach helps women not only access capital but also learn how to use it effectively, choose suitable models, and gradually expand their livelihoods.”

Currently, the Women's Union of Can Tho City has established and maintained over 2,490 savings and loan groups with more than 118,250 members, supporting over 117,230 households in borrowing capital for economic development. Since the beginning of the year, the City's Women's Economic Development Support Fund has disbursed over 5.3 billion VND to nearly 400 members; through the Social Policy Bank's entrusted channel, the city's Women's Union has also supported over 20,100 households with loans totaling over 564 billion VND; and allocated nearly 10 billion VND in entrusted capital to 37 communes and wards. In addition, the Union has provided livelihood support to nearly 90 households with a total amount of over 350 million VND.

Ms. Nguyen Thi Thuy Linh, Vice Chairwoman of the Vietnam Fatherland Front Committee of Can Tho City and Chairwoman of the City Women's Union, emphasized: "These models not only help members access capital more easily, but more importantly, they create conditions for women to change their way of thinking and doing things, learn to use capital effectively, proactively develop their family economy, and rise out of poverty sustainably."

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Text and photos: CAO OANH

Source: https://baocantho.com.vn/-don-bay-giup-phu-nu-thoat-ngheo-a208282.html