The commercial frog breeding model of Mrs. Pham Thi Diep's family brings high income.

Beneficiaries

The commercial frog breeding model of Mrs. Pham Thi Diep's family in Thuy Lap village, Quang Loi commune has effectively promoted the loan capital from the Bank for Social Policies of Quang Dien district through the Farmers' Association channel. With a loan of 80 million VND and training in production processes from the Farmers' Association, her family invested in building 10 frog breeding tanks, regularly maintaining 500,000 - 600,000 commercial frogs to supply the market, bringing in a high income. From this model, her family, which was originally a poor household, has risen out of poverty and gradually become a well-off household in the locality.

Ms. Diep said that each month her family sells about 600,000 frogs, after deducting expenses, bringing in a revenue of more than 30 million VND. Evaluating loans from the Social Policy Bank, Ms. Diep said that this is a preferential source of capital with low interest rates, long maturity periods and no collateral, so it is suitable for poor and near-poor households who want to borrow capital to develop the economy .

Mr. Ha Truong, also from Quang Loi commune, Quang Dien district, also borrowed 50 million VND from the district's Social Policy Bank to invest in raising chickens and ducks according to the family farm model and dig ponds to raise fish. Doing business effectively, he paid off all the debt and accumulated a little capital. In 2024, he continued to borrow 70 million VND from the Social Policy Bank through the People's Credit Fund channel to expand his investment in raising cattle and develop it into a farm model.

Mr. Truong shared: Thanks to the preferential loan capital from the Social Policy Bank of Quang Dien district through the HND channel, his family has had an effective source of investment capital, from renovating the chicken and duck barns to developing cattle breeding... Currently, the farm has invested in building a 5m high reinforced concrete cow barn, brick walls, corrugated iron roof, more than 50m2 wide to ensure effective breeding. The total revenue of this model each year reaches nearly 300 million VND, bringing a good income for his family.

Meet loan needs

As of early May 2025, the total outstanding debt of the Social Policy Bank of Quang Dien district reached nearly 522 billion VND, an increase of 5.69% compared to 2024. Of which, the outstanding debt entrusted through socio-political organizations reached more than 519 billion VND, accounting for 99.6% of the total outstanding debt. In particular, the lending turnover through entrustment in the first 4 months of this year reached more than 83 billion VND, with 1,431 households receiving loans.

Deputy Director of the Transaction Office of the Social Policy Bank of Quang Dien District, Mr. Truong Trong Hung, said that in the first 4 months of 2025, social policy credit activities in the district continued to have positive changes. Accordingly, 632 poor households, near-poor households, and newly escaped poverty households have received loans; 285 workers have received loans to support job creation, job maintenance and expansion... Thanks to that, hundreds of local farmers have had stable jobs, helping poor and near-poor households access preferential interest rate capital to develop production, expand economic development models and contribute to effectively implementing the goals and targets on sustainable poverty reduction set by the district.

According to the Chairman of the Farmers’ Association of Quang Dien district, Mr. Quach Nhon, regarding preferential capital from the Vietnam Bank for Social Policies, Farmers’ Associations at all levels in the area have deployed loan groups to review poor, near-poor and disadvantaged households in need to support them in accessing loans conveniently. At the same time, the Associations at all levels have also coordinated to organize training and provide guidance to members on scientific and technical measures in cultivation, animal husbandry, etc. to promote the effectiveness of loan capital.

Currently, the Transaction Office of the Bank for Social Policies of Quang Dien district continues to implement solutions to improve credit quality, the operation of entrusting preferential loans through mass organizations; timely disbursement, meeting the loan needs of beneficiaries, contributing to enhancing the role of local mass organizations. Thereby, bringing practical benefits to farmers, especially households lacking production capital, helping poor and near-poor households have conditions to develop the economy...

Article and photos: Ba Tri

Source: https://huengaynay.vn/kinh-te/nong-nghiep-nong-thon/thoat-ngheo-tu-nguon-von-chinh-sach-qua-hoi-nong-dan-154141.html