Over VND1.1 billion in loan disbursed from provincial Farmers Support Fund

Provincial Farmers' Association has coordinated with the Farmers' Association of Ben Cat town to disburse more than VND 1.1 billion for its farmers support fund for 16 members in An Tay and Phu An communes.

Accordingly, the Farmers' Association of An Tay commune has 9 members who are entitled to borrow VND 640 million to invest in the project of "Growing clean organic rice". The Farmers’ Association of Phu An Commune has 7 members getting VND 500 million in loan for the project of "Growing and taking care of fruit trees”. Each household can borrow from VND50million-VND100million within 36 months, with the interest rate of 0.5%/month (6%/year). The loan has opportunely helped farmer members to invest in planting and taking care of fruit and rice trees with stable productivity and income, contributing to the local economic development.

Reported by Phuong Anh-Translated by Kim Tin