Quang Nam Province: 54,800 Farmer Families Given Preferential Loans

The Farmers’ Association of the central province of Quang Nam has said that in 2009, 54,845 farmer families were given preferential loans worth VND560 billion ($29.3 million) to invest in economic development. A majority of the loans has been used wisely, contributing to poverty reduction in rural areas, according to the association. So far, 55,582 farmer families in the province have been recognized for effective production and business, an increase of over 10,100 families compared to the end of 2008.