Nearly 33% of loans from the Farmers Support Fund are invested in aquaculture.

Many households borrow capital from the Farmers Support Fund to expand fish ponds (illustrative photo)

According to the Provincial Farmers' Association, in 6 months (from December 2022 to May 2023), the Farmers' Associations at all levels in the province have disbursed VND 29,422 billion from the Farmers' Support Fund to 1,016 members, raising the total outstanding capital of the fund to over VND 93.1 billion for 3,634 borrowers. The Central Association has entrusted VND 16 billion to 428 borrowers in 28 projects. The provincial fund of VND 40.52 billion is for 1,372 borrowers in 99 household group models. The district-level fund of VND 14,636 billion is for 540 borrowers and the grassroots level of VND 21,956 billion is for 1,294 borrowers in 229 establishments.

Borrowed households used nearly 33% of the loan capital to invest in the aquaculture sector, nearly 32% in the crop sector, the rest in livestock farming and other service industries.

The capital sources of the Provincial and Central Farmers' Support Fund are directly appraised and supervised by the Provincial Farmers' Association staff for disbursement, so there is no backlog or overdue debt.

PV