16 Jun 2020
Sustainable livelihoods play an important role for the community in the economic development process. Capital support for people to do business is considered one of the important and prerequisite activities in the goal of poverty reduction for people, creating momentum for local economic development.
Last May, Phu Yen TTP Joint Stock Company decided to build a Livelihood Program to support poor households in Hoa Hoi commune to develop husbandry and cultivation.
On May 29, 2020 at the hall of the People's Committee of Hoa Hoi commune, Phu Yen TTP Joint Stock Company (Representative: Mr. Nguyen Anh Tuan - General Director) and the Commune People's Committee awarded the total amount of 470,000,000 VND to 25 farming households. People implemented 4 models: raising wild pigs, raising goats, raising cows, growing clean vegetables.
This program is implemented in the form of interest-free loans with a term of 2 to 3 years, depending on the model chosen by people. Loan amount for each household is from 15 to 20 million. After 6 months, 25 households returned a part of the capital to the People's Committee of Hoa Hoi commune. The capital reimbursed by relatives will continue to lend to other households to multiply the number of households supported with capital for family economic development.
(Photo: 25 households go to the hall of Hoa Hoi Commune People's Committee to directly receive the loan)
We hope that in the future, the program always maintains its present meaningful purpose, is maintained, implemented and has many good results. Thereby, opening up new opportunities for poor and near-poor households to rise up, stabilize their lives, and contribute to the local socio-economic development.
Before implementing the program, we visited and talked with each household so that we could better understand the individual circumstances and difficulties of each family as well as the wishes and plans of the people. Thanks to that, our company has built up a support plan suitable to each family's wishes, creating the best conditions for people to develop their economy.