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 VND20 million each to help their children pursue education.

Students presented awards at the ceremony (Photo: tuoitre.vn)

The loan, presented by GreenFeed Vietnam JSC and Tuoi Tre (Youth) newspaper on May 28th, is part of an initiative supporting farmers to send their children to schools. Initiated in 2010, the programme has so far provided VND50 billion (USD2.25 million) in loans for 1,860 households across 15 provinces and cities nationwide.

Each beneficiary in the two provinces obtained a 2-year-term loan valued at VND20 million (USD900) and a free coupon of animal feed worth VND3 million (USD135).

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 organising board of the programme also gave out 120 gifts, each worth VND1 million (USD45), for local students.

(Source: CPV/VNA)