The journey bears the mark of "three agriculture"

From a loan from Agribank Lai Chau Branch, Ms. Nguyen Thi Thoa expanded the rose growing area.

Capital to the right target
One of the effective loan capital use models is growing roses by Ms. Nguyen Thi Thoa in Group 26 (Tan Phong Ward). She started her business in 2019 with 2.7 hectares of roses. In 2024, she borrowed capital from Agribank Lai Chau Branch with a total amount of more than 600 million VND. Ms. Thoa shared: “At the end of 2024, I bought 1 more hectare of land to expand the flower garden. Thanks to that, I have the conditions to improve the soil, buy seeds, fertilizers, pesticides... to help the flower garden grow well. Each year, the revenue reaches about 2 billion VND".
Not only Ms. Thoa, capital from Agribank Lai Chau Branch has accompanied local people in developing effective production models such as: growing high-quality tea in the communes of Than Uyen, Tan Uyen, Binh Lu; growing macadamia, banana, orange, tangerine trees in Tan Phong ward; raising large livestock (buffalo, breeding cows, fattening beef cattle); raising cold-water aquatic products such as sturgeon, salmon in the communes of Phong Tho, Sin Ho; developing cooperatives linking production - consumption of agricultural products; growing medicinal herbs under the forest canopy in the communes of Binh Lu, Phong Tho, Sin Ho...
According to Mr. Ha Duc Luong - Deputy Director of Agribank Lai Chau Branch, the bank's top goal is to bring capital to the right subjects, promptly, at reasonable costs, helping people feel secure in investing in production development, increasing income, thereby contributing to promoting local socio -economic development. To realize that goal, Agribank Lai Chau Branch synchronously deploys many solutions such as: simplifying procedures, shortening the application review process, sending credit officers to the grassroots to guide people to complete loan procedures. Expanding the network of transaction offices to most communes; increasing the application of digital banking and mobile services, helping people in remote areas easily access credit capital.

Leverage for sustainable agricultural development
Currently, Agribank is implementing many preferential credit packages specifically for agriculture and rural areas with lower interest rates than regular commercial loans. In particular, short-term loans in priority areas according to Circular 39/2016/TT-NHNN have a maximum interest rate of only 4%/year. Loan terms are also flexibly applied according to production and business cycles: from a few months for seasonal production, to 3-5 years for large livestock farming, industrial crop cultivation; even up to 7-15 years for hydropower projects and special models.
Not only stopping at disbursement, Agribank Lai Chau Branch also focuses on accompanying, advising and supervising customers in the process of using capital. Credit officers regularly stay close to the grassroots, coordinate with local authorities, associations and organizations to guide people to use capital for the right purpose. At the same time, coordinate with specialized agencies and units of the province to organize technical training, improve knowledge of cultivation and livestock raising for people.
Mr. Ha Duc Luong - Deputy Director of Agribank Lai Chau Branch affirmed: In fact, credit capital from Agribank has contributed significantly to changing the face of the countryside. Many households have boldly expanded the area of tea planting, fruit trees, raised sturgeon, salmon, developed herds of buffalo, cows, invested in planting precious medicinal plants... Many cooperatives have the conditions to invest in machinery and equipment for processing agricultural products, increasing the value of products. Thanks to that, people's income has been significantly increased, the rate of poor households has decreased sharply over the years, and the material and spiritual life of people has been increasingly improved. In addition, the greatest effect of Agribank capital is to help people change their thinking, boldly apply new models, create sustainable livelihoods, thereby contributing to promoting the comprehensive socio-economic development of the province.
Currently, the total outstanding debt of Agribank Lai Chau Branch is 8,621 billion VND with 10,523 customers; loan turnover is 4,208 billion VND and debt collection turnover is 4,484 billion VND; bad debt ratio is 2.1%.
In the coming time, Agribank Lai Chau Branch will continue to allocate sufficient capital, diversify credit products, apply flexible loan packages, suitable interest rates, loan terms according to production cycles, helping people easily access and feel secure in investing; especially expanding the network and mobile services, creating the most favorable conditions for people in remote areas.

Source: https://baolaichau.vn/kinh-te/hanh-trinh-mang-dau-an-tam-nong-793208