Thanks to preferential loans, Mr. Tan was able to invest in expanding his chicken farm. - Photo: TP
The Van Quy General Production, Business and Service Cooperative in Hai Lang district has a total of 260 members, currently cultivating over 140 hectares of rice fields. To ensure irrigation, at the beginning of 2021, using a preferential loan of 300 million VND from the Provincial Cooperative Development Support Fund, the cooperative invested in building a new pumping station. This has made the production process for its members much more convenient. Furthermore, from the beginning of 2024 to the present, the cooperative has received an additional 500 million VND in working capital to finance the business of supplies and the production of organic rice.
Mr. Nguyen Duc Toan, Director of Van Quy General Production, Business and Service Cooperative, said that accessing preferential capital from the Provincial Cooperative Development Support Fund has helped the unit to have more conditions to invest in infrastructure development and improve the quality of operations.
“The loan application process is simple, and the interest rate of the Provincial Cooperative Development Support Fund is many times lower than that of commercial banks, which is very beneficial for cooperatives and their members. During our operation and development, we have received support from the local authorities as well as the Quang Tri Cooperative Union. The loan capital from the fund for cooperatives has been effective, contributing to increasing members' income and thereby creating momentum for the unit's production and business activities,” Mr. Toan said.
Thanks to funding from the Provincial Cooperative Development Support Fund, Mr. Tran Huu Tan (born in 1967), residing in Duong Dai Thuan village, Trieu Thuan commune, Trieu Phong district, has been able to expand his chicken farm. Having started raising chickens in 2017, and with the desire to expand his farm from 1,000 m2 to 1,600 m2 in early 2019, he received a loan of 700 million VND. He invested this money in automated machinery such as feeders, waterers, brooders, and fans.
By raising chickens through a cooperative model, Mr. Tan's family raises an average of 3 batches of chickens per year, with 15,000-16,000 chickens per batch. The farm not only provides him with an average income of 250 million VND per year but also creates jobs for several local workers.
Mr. Tan said that the Provincial Cooperative Development Support Fund has helped cooperatives and their members throughout the province to have more opportunities to invest in production and livestock farming. With an interest rate of 0.43% per month, cooperatives and their members can produce with peace of mind, without the pressure of debt repayment. “My family's farm has achieved what it has today thanks to the great support from the Provincial Cooperative Union and the Provincial Cooperative Development Support Fund. I hope that in the future, we will continue to receive more attention and support so that we can invest and produce effectively,” Mr. Tan expressed.
The Provincial Cooperative Development Support Fund, under the Quang Tri Cooperative Union, was established in 2009 with the goal of providing additional financial resources to cooperatives, cooperative groups, and cooperative unions to invest in expanding and developing production, business, and service activities. Through this, it aims to continuously improve the quality of services supporting agricultural, household, and farm economies, ensuring their development in the right direction; supporting innovation and development of products, technology, techniques, and markets; and building and replicating exemplary and advanced cooperative models.
As of June 2025, the fund had disbursed loans to 273 projects with a revolving capital of VND 88 billion. The current outstanding loan balance is VND 12.3 billion/54 projects. The loan areas are diverse, including: industrial-scale livestock farming, agricultural machinery and equipment, production, factory and warehouse construction, and working capital loans for cooperative production services...
Overall, the loan projects have used the capital for its intended purpose, in line with market trends and the local economic development orientation. Investment in technological innovation in production has contributed to the transformation of the production structure towards modern industry, bringing economic efficiency and income to cooperatives, cooperative groups, and their members.
According to Dao Thi Thanh Loan, Director of the Quang Tri Provincial Cooperative Development Support Fund, based on its responsibilities, the unit has promptly developed a specific annual plan to implement preferential lending to the collective economic sector and cooperatives.
The fund is authorized to provide short-term, medium-term, and long-term loans, so loan terms are flexible based on the production and business cycle, or the cycle of livestock, crops, investment projects, etc. The appraisal and disbursement of loan projects are conducted in accordance with the regulations issued, the rules of the cooperative fund, in line with market prices, and ensuring the ability to recover the loan for the projects.
It can be seen that the activities of cooperative development support funds have contributed to promoting the establishment of new cooperatives and improving the operational efficiency of the collective economic sector; encouraging investment in technological and technical innovation, expanding production and consumption, and linking with businesses in domestic and international market value chains. This contributes to increasing revenue, profits, competitiveness, creating jobs for many workers, helping to shift the occupational structure in the collective economic sector, and ensuring social security in localities.
“Quang Binh province currently does not have a fund to support the development of cooperatives. Therefore, after the merger, the Provincial Cooperative Development Support Fund will continue to promote loan disbursement to cooperatives, cooperative unions, and members of cooperative groups and cooperatives who need capital for economic development, and will propose further additions to the fund's charter capital to meet the production and business capital needs of members in the province,” Ms. Loan informed.
Truc Phuong
Source: https://baoquangtri.vn/phat-huy-hieu-qua-cua-quy-ho-tro-phat-trien-hop-tac-xa-194669.htm
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