Society

Seminar discusses micro-finance activities in rural development

The role that micro-finance plays in sustainable rural development was the highlight of a seminar held in the central province of Quang Binh from July 28-30.
The role that micro-finance plays in sustainable rural development wasthe highlight of a seminar held in the central province of Quang Binhfrom July 28-30.

Jointly held by the SustainableRural Development for the Poor Project (SRDP) and the Quang BinhDevelopment Support Fund, the event attracted the participation ofnearly 100 delegates from SRDP beneficiary localities, namely QuangBinh, Ben Tre, Tuyen Quang and Dak Nong.

Participants were introduced to micro-finance activities and theirdevelopment in Vietnam, as well as relevant legal frameworks, togetherwith process of setting up micro-finance institutions and makingbusiness strategies and plans for them.

They alsoshared micro-finance development plans in their localities and made afact-finding tour to Quang Xuan commune in Quang Trach district.

The SRDP will be carried out in 40 communes in six districts of QuangBinh from 2014 to 2018, following a credit agreement between theVietnamese Government and the International Fund for AgricultureDevelopment (IFAD) signed in Italy last year.

Its target is to sustainably improve the income and reduce the vulnerability of rural poor households.

The project will invest in climate-smart, socially equitable andprofitable rural development models, focusing on market-led developmentplanning, rural financial services and market and value chaininvestment.

Target groups for the projects includepoor rural households with land and labour resources, unskilled andunemployed rural people, landless people, ethnic minority people wholack income and skill, and small and medium-sized rural tradeenterprises and value-chain entrepreneurs.-VNA
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