Efficiency of the Farmers Support Fund in Muong Bu

Supporting farmers with capital for economic development, the Farmers' Association of Muong Bu commune effectively implemented the Farmers' Support Fund and capital entrusted from the Social Policy Bank, helping hundreds of households invest in production, escape poverty, improve their lives, and contribute to building new rural areas.

From the loan source of the Farmers Support Fund, members of Ta Bung village, Muong Bu commune, invested in raising breeding cows.

Muong Bu Commune Farmers' Association is managing 20 savings and loan groups from the Bank for Social Policies, with a total outstanding loan balance of VND26.9 billion, supporting 670 households to access preferential capital. The Farmers' Support Fund provides VND500 million to 10 households. These funds help members invest in breeding cows, planting and caring for fruit trees, achieving a stable income of VND150-300 million/year.

According to the Commune Farmers' Association staff who visited the breeding cow model of Mr. Ca Van Van, Ket village, a typical member who effectively used the Farmers' Support Fund. In 2024, he borrowed 50 million VND from the fund to buy 2 breeding cows; actively participated in training on breeding techniques, disease prevention and using straw and silage as feed. To date, the herd of cows has given birth to 4 more calves. In addition, the family also grows more than 2 hectares of corn, earning over 160 million VND/year, using the leaves and stalks of corn after harvest as feed for cows.

The family of Mr. Lo Van Tien, Dong Luong village, borrowed 100 million VND from the job creation program of the Social Policy Bank, plus savings, invested in buying seedlings, fertilizers, and improving hilly land to grow nearly 2 hectares of mango, jackfruit, grapefruit, longan, and banana. With capital support and technical guidance from the Commune Farmers' Association and proper application of the process, the trees grew well, had stable productivity, and brought in an income of more than 200 million VND/year.

Mr. Lo Van Quy, Chairman of the Farmers' Association of Muong Bu Commune, said: The Farmers' Support Fund meets the needs of the people. The Association always ensures that capital goes to the right people, the right model suitable to local strengths, with a public and transparent evaluation process. In addition to providing capital, the Association also accompanies from technical support to management, helping the capital generate effective profits. Thanks to that, borrowers can rest assured in production and economic development, increasing income.

It can be seen that the capital from the Farmers Support Fund and the entrusted capital from the Bank for Social Policies have truly become a "leverage", giving many farming households more motivation and confidence to invest in suitable economic models, bringing practical results.

Source: https://baosonla.vn/kinh-te/hieu-qua-nguon-von-quy-ho-tro-nong-dan-o-muong-bu-QOg14nuNR.html