Enhancing channels for capital access for farmers.

The Farmers Support Fund and policy credit programs are truly becoming effective channels for capital flow, providing timely support to members and farmers to expand production, develop livelihoods, and gradually improve their income and quality of life.

In early December, the Provincial Farmers' Support Fund Management Board, in coordination with the Quang Tan Commune Farmers' Association, disbursed 700 million VND to 7 households participating in the "Commercial Chicken Farming" project. Each participating household received a loan of 100 million VND from the Provincial Farmers' Support Fund for 36 months at an interest rate of 0.6% per month (equivalent to 7.2% per year). This preferential interest rate helps reduce financial pressure, creating favorable conditions for farmers to confidently borrow capital to develop production, increase income, and improve their living standards.

Mr. Nguyen Van Vuong's household in Trung Son village, Quang Tan commune, received a loan from the Provincial Farmers' Support Fund for the "Commercial Chicken Farming" project.

With loans from the Farmers' Support Fund, farmer members will purchase breeding stock, feed, disease prevention medicine, repair and upgrade barns, etc. This helps farmers build concentrated livestock farming areas, confidently adopt organic farming methods, thereby increasing income, improving product quality, and protecting the environment. Mr. Nguyen Van Vuong, from Trung Son village (Quang Tan commune), happily said: "My family currently maintains a scale of raising about 12,000 chickens per year. With additional capital, my family plans to expand the scale of farming to about 15,000 chickens per year to increase income."

Mr. Hoang Van Nghiem, Vice Chairman of the Farmers' Association of Quang Tan commune, said: In addition to providing capital support, the Farmers' Association of the commune will also organize training courses to transfer advanced scientific and technical knowledge on commercial chicken farming to households participating in the project. At the same time, it will act as a liaison for participating households to link up with the Tuyen Hien Agricultural Production and Business Cooperative to ensure market access, helping households confidently develop the model and maximize the effectiveness of their loan capital.

Currently, the Provincial Farmers' Support Fund manages a total capital of over 86 billion VND. The total outstanding loan balance by the end of 2025 is approximately 65.4 billion VND for 809 households through 123 loan programs. Of this, the central government's entrusted funds account for 9 billion VND, for 121 households across 12 projects, and the provincial funds account for 56.48 billion VND, for 688 households across 111 projects.

Thanks to loan channels from the Farmers' Association, Ms. Trieu Thi Nien, from Bang Anh village, Quang La commune, has effectively utilized the capital, expanded her livestock farming, and earned approximately 200 million VND per year.

Besides the Farmers Support Fund, credit from banks continues to expand, becoming an important channel for capital flow, with a large scale and wide coverage. Through coordinated programs and entrusted arrangements, the total outstanding loan balance for farmers in the province has continuously increased, better meeting their capital needs for production and business.

Specifically, outstanding loans from the Agricultural and Rural Development Bank reached over 610 billion VND, supporting 3,597 farmer households in implementing 305 production and business projects. Outstanding loans from Loc Phat Commercial Joint Stock Bank reached nearly 20 billion VND, supplementing financial resources to help farmers invest in machinery and equipment and innovate farming methods. In particular, social policy credit capital continues to affirm its role as a solid "support" for farmers, especially poor and near-poor households and vulnerable groups. The total outstanding loan balance of the Social Policy Bank, entrusted through the Farmers' Association throughout the province, reached 1,858 billion VND, with 23,547 households still having outstanding loans, through 661 savings and loan groups, implementing 15 credit programs.

Practical experience shows that effectively utilizing the Farmers' Support Fund and policy credit channels not only solves the capital problem for agricultural production but also contributes to fostering the proactive and creative spirit of farmers, creating momentum for rural economic development. To ensure that capital reaches the right recipients, serves the right purposes, and is used most effectively, the Farmers' Associations at all levels in the province have proactively surveyed loan needs, guided the development of suitable projects, and strengthened the inspection and supervision of loan management and utilization. Simultaneously, the Association has also focused on integrating capital support with technology transfer, vocational training, product branding, and market connections, helping members and farmers feel secure in their production and maximize the effectiveness of loan capital.

Nguyen Ngoc

Source: https://baoquangninh.vn/phat-huy-kenh-dan-von-cho-nong-dan-3389876.html