Giang A Sinh’s family, a Mong household in Then Pa hamlet, is atypical example of making the most of their low-interest loans togradually increase his family’s income and improve their quality oflife.
Sinh was born in 1975 in a poor family with many siblings. In the 1990s, Sinh married and separated from his parents.
He decided to borrow 500,000 VND (23 USD) from the Vietnam Bank for Social Policies to raise pigs.
With his resulting profit, Sinh decided to borrow 10 million VND (464USD) to buy land and grow corn and rice. He continued, borrowing 15million (695 USD) to buy buffalos, goats, and fish.
After years of efforts, Sinh’s family was able to lift themselves outof poverty in 2010 and now earn over 100 million VND (4,635 USD) peryear.
Sinh said his family is one of nearly 48,000 households enjoying low-interest rate loans.-VNA