May 30, 2016 | 10:21 (GMT+7)
Farmers get zero-interest loans to send children to school
120 poor families in the Mekong Delta provinces of Long An and Tien Giang were granted zero-interest loans worth VND 20 million each to help their children pursue education...
120 poor families in the Mekong Delta provinces of Long An and Tien Giang were granted zero-interest loans worth VND 20 million each to help their children pursue education.
The loan, presented by GreenFeed Vietnam JSC and Tuoi Tre (Youth) newspaper on May 28, is part of an initiative supporting farmers to send their children to schools. Initiated in 2010, the program has so far provided VND 50 billion (USD 2.25 million) in loans for 1,860 households across 15 provinces and cities nationwide.
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Each beneficiary in the two provinces obtained a 2-year-term loan valued at VND 20 million (USD 900) and a free coupon of animal feed worth VND 3 million (USD 135).
Ngo Thi Dao, a resident in Long An’s Can Duoc district who benefited from the initiative for 2013-2015, said it helped her family to develop their pig farm and pay for her child’s education.
She said she paid off the loan after two years and is about to build a new house.
The same day, the organizing board of the program also gave out 120 gifts, each worth VND 1 million (USD 45), for local students.
Source: VNA