Quynh Nhai facilitates farmers’ loan access for production development

The Farmers’ Union of Quynh Nhai commune has 3,460 members across 41 branches. Implementing preferential credit policies, the union currently guarantees loans for 735 households through the transaction office of the Vietnam Bank for Social Policies, with a total outstanding balance of over 39 billion VND (1.48 million USD).

Farmers’ Union members in Huoi Na hamlet, Quynh Nhai commune exchange fruit tree care techniques.

In addition, the union effectively manages and utilises 1.1 billion VND from the farmers’ support fund, providing loans to 22 members. These financial resources have helped members efficiently invest in economic development, such as fruit tree cultivation and livestock breeding in Han and Dong hamlets; aquaculture in Bung En and Ba Nhat hamlets; and fruit cultivation, livestock and poultry raising in Ngay and Huoi Na hamlets, generating annual incomes ranging from 100 million to 300 million VND.

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