Through our partnership with Allianz Mission, this cow microloan project helps poor families in Vietnam generate income by raising cows, which improves their living conditions and gradually helps them improve their quality of life.
Update from the Cow Bank Project in Bac Son, Vietnam, June 2016
The cow microloan project continues to help the beneficiaries improve their living conditions. Some beneficiaries have been able to repair their houses, pay their debts, and cover daily expenses and school fees for their children.
The number of beneficiaries is gradually increasing. The revolving loan cycle of handing over female calves to the next beneficiaries is already to the third generation in Khua Ca, Tham Si and Lan Ca I villages, and in the second generation in Suoi Tin village. After paying back the loan (through the form of a female calf), most of the beneficiaries continue to raise cows as a source of stable income.
By the end of June 2016, two new Farmer Interest Groups (FIG) have been provided with 40 cows, 2 bulls, and fodder grass. The local management committee has been supported with a new motorbike so they no longer need to use their private motorbikes for project related travels.
With better care from the beneficiaries and help from the commune veterinarians, the project cows are getting better and adapting well with the local natural conditions. The beneficiaries are gaining more confidence in raising cows with the knowledge and skills received from the technical training. However, some activities were delayed due to the National Party Election at all levels in Vietnam. The local management committee has had a great change in human resources, which leads to the fact that AM staff usually has to work with new authority leaders. These delays will not jeopardize the achievement of the project goals.
Project Data from Bac Son as of June 30, 2016
Number of cows that died: 1 (Mr. Thuan's cow died in Binh An from unknown reasons.)
Number of technical training courses given to the beneficiaries: 4
Amount of grass given to the beneficiaries: 11 kg of seeds
Number of site visits done by AM project officers: 10
Number of visits with TFish representatives: 1
Allianz Mission is planning to hand over the ownership and total number of project cows in 4 villages (Khua Ca, Lan Ca I, Tham Si, Suoi Tin) to the local partners after 7 years of implementation by the end of 2016. It proves that the local partners of AM in Bac Son are able to continue maintaining the revolving loan cycles by handing over the project calves to the next beneficiaries, which will increase the number of beneficiaries in the future.
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