With efforts over the past 3 months, Thiện Chí is pleased to share the latest news about the Microloan program, a collective effort to improve the quality of life for disadvantaged families.
* Program's Achievements:
+ 41 new households have been added to the program.
+ 52 households have exited due to economic progress, able to access larger funding from state banks.
* Currently 2,915 households are participating in the program.
Breakdown:
+ Livestock farming: 83 households
+ Crop cultivation: 844 households
+ Business trading: 100 households
+ Two or more models: 1864 households
+ Other models: 24 households
* Impact and Challenges:
Loans ranging from USD 100 to USD 500 have played a crucial role in promoting sustainable economic development for families. Over the past 3 months, we have observed an impressive growth rate of 15%, helping families increase income and improve living conditions.
However, we also need to address the challenges we are facing. Severe drought conditions have significantly affected crop and livestock productivity, posing challenges to sustaining and developing agricultural economies. The demand from the community remains high, yet our funding remains limited. Additionally, 10% of participating households have health vulnerabilities, requiring special attention and medical support.
Thien Chi extends deep gratitude to all who have supported and partnered with the program. Every contribution, big or small, makes a significant impact in changing the lives of families in need. Let us continue to strive together to create positive and sustainable impacts within our community!
Congratulations to all of us!