Collective Economy Support and Developing Fund to lend more than VND22 billion for collective economy development

In the first quarter of 2016, Management Board of provincial Collective Economy Support and Developing Fund granted loans worth totally VND1.6 billion, heightening total outstanding loans to VND22.928 billion (12 options) by the end of Mar 31^st 2016.

According to initial assessments, cooperatives in the province have used loans for the right purposes, brought economic benefits and created jobs for its members. Thanks to this fund, many cooperatives have expanded their production scale, innovated technologies, expanded market, and developed product branding.

Reported by Q.Nhien – Translated by Ngoc Huynh