Helping ethnic minorities escape poverty

In recent years, preferential loans from the Vietnam Bank for Social Policies (VBSP) in Cam Lam district have created favorable conditions for poor households and ethnic minorities in Cam Lam district to develop their economies and escape poverty sustainably.

Ethnic minorities in Cam Phuoc Tay commune have access to loans from the Cam Lam District Social Policy Bank.

In 2021, Ms. Cao Thi Nganh's family (Suoi Lau 2 village, Suoi Cat commune, Cam Lam district) received a preferential loan of 50 million VND from the Cam Lam District Social Policy Bank. From this amount, her family invested in a mango garden and raised cows, bringing in a stable income of nearly 40 million VND/year. Part of it was used to pay off the bank loan, and the other part was saved to continue investing in production. It is expected that by July 2025, the family will have paid off the loan.

Previously, Ms. Cao Thi Oanh's family (Van Son village, Cam Phuoc Tay commune, Cam Lam district) was a poor household. She boldly borrowed 50 million VND from the preferential loan source of the Cam Lam district Social Policy Bank to invest in raising cows and growing cashews. Thanks to her diligence and hard work, the herd of cows has grown and the cashew garden has begun to yield its first harvest, bringing a stable income to the family, ensuring interest payments and savings to the bank.

According to the leader of the People's Credit Fund of Cam Lam district, in recent years, people in the ethnic minority and mountainous areas of Cam Lam district have accessed most of the policy credit programs implemented by the People's Credit Fund such as: Credit programs for poor households, near-poor households, households that have just escaped poverty, households producing and doing business in difficult areas; clean water and rural environmental sanitation; loans for students in difficult circumstances; housing support for poor households... helping to solve employment, support production development, improve income and living standards for people.

Representative of Cam Lam District Social Policy Bank talks with Ms. Cao Thi Oanh ( middle ).

Ms. Nguyen Thi Phuoc Ngoc - Vice Chairman of Cam Phuoc Tay Commune People's Committee said. "Van Son village is a particularly difficult village, with 323 households, with more than 1,200 people, mainly ethnic minorities. People mainly produce agriculture , do slash-and-burn farming and raise small-scale livestock. From preferential loans from the Cam Lam District Social Policy Bank, along with the application of science and technology in production, it has helped increase people's income and reduce the poverty rate. Up to now, the commune has only 3 poor households, accounting for 0.14%; the average income of ethnic minorities in the commune is 30 million VND/person/year; all households have stable housing. The Commune People's Committee also directed groups and associations to regularly monitor and help borrowers to use the loan amount for the right purpose and effectively".

Talking to reporters, Mr. Nguyen Van Nghiem - Director of the People's Credit Fund of Cam Lam district informed that the district has been implementing 12 policy credit programs. As of the end of March 2025, the total loan capital for ethnic minority areas in the district reached 51.5 billion VND, an average of nearly 48 million VND/household; credit quality is guaranteed, there is no overdue debt, showing that people's awareness of repaying loans is very good. "We have created the most favorable conditions for ethnic minority areas in the area to access preferential loans. Thereby, helping people promote their internal strength to develop the economy , gradually escape poverty, and improve the quality of life," said Mr. Nghiem.

The loan group guides ethnic minorities to borrow capital in Cam Phuoc Tay commune, Cam Lam district.

Mr. Do Minh Thanh - Vice Chairman of Cam Lam District People's Committee said: The synchronous implementation of policies to support production development, create livelihoods and jobs; improve access to policy credit capital has fundamentally changed the awareness of ethnic minorities. People have boldly borrowed capital to do business effectively, contributing to rapid and sustainable poverty reduction, gradually reducing the gap in development between villages with many ethnic minorities and other villages in the locality.

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Source: https://baokhanhhoa.vn/kinh-te/202505/tro-luc-chodong-bao-dan-toc-thieu-so-thoat-ngheo-05b44be/