| Pepper died, people uprooted and sold. |
Thousands of farmer households here are in deep debt and unable to repay their debts.
Many millionaires and billionaires of pepper for a while now became debtors unable to repay their debts; villa, car “hat” to leave. Many are motivated, trying to manage to sustain their life and to repay the debt, but it still seems very difficult …
Flooded in the “sea” of debt
Farmer Pham Hong Son (Thien An hamlet, commune Ia Blu, Chu Puh) has about 6,000 drainage posts. At the time of the highest pepper prices, each year earned billions. Then the pepper garden became ill and died. Pepper is priced, Mr. Son cleaned up the house, borrowed an additional 1.5 billion, rebuilding the garden of more than 5,000 posts. Coming to the day of picking fruits, the horror of “fast death and slow death” struck the capital of pepper, all 5,000 pillars died out.
“Pepper died, my family hugged a half and a half billion debt. Every 3 months must pay 40 million. Do not know what to do to pay off the debt “- Mr. Son said. Also according to Mr. Son, here, anyone who does not have a red book, does not mortgage the land, the home is not debt. The remaining 90% of the population is a debtor of the bank, the less is 200 million, the more then the size of 2 billion.
Mrs. Tran Thi Nhan's family (Ia Pal commune, Chu Se commune) mobilized all of its own capital, borrowed more from banks and relatives, planted a few 2,500 head posts. If the harvest year after year is gone, the garden will fall sick and die. Accordingly is the accumulation of debt, interest from the mother and child interest.
“The biggest desire of the people is that the State has a way to freeze the debt and extend the debt so that our farmers can breathe better,” said Ms. Nhan.
In order to plant a 600-pillar pepper garden, in 2008, Nguyen Thi Linh's family (Ia Blang and Chu Se communes) had to borrow VND 400 million from Sacombank and VND 40 million from Agribank. Now every quarter, she has to pay interest of 12.1 million dong for the two banks mentioned above. The house has only 1.2 hectares of coffee, the year is gone, he has to work outside to get money to pay the bank debt. “Family life is difficult now,” Linh lamented.
Find a way to manage
Pepper died, debt piled up. Many families have to leave the country to work away from home to earn money to pay off their debts. Many children who just went to school yesterday, now have to quit school and stay home to help their parents; There are even wealthy families who rely on pepper, send their children to high schools at international schools in Ho Chi Minh City. Now they are insolvent. school …
The debt is too big, can not be solved two times a day, so many families find ways to earn money to sustain their lives, and the debt is still … hanging on their heads.
| According to statistics, the total loan for growing pepper in Gia Lai to date is over VND 3,700 billion (over VND 2,600 billion of loan losses of over 11,000 customers; more than VND 450 billion of bad debts. more than 2,000 pepper died, bad debt 260 billion. |
Nguyen Thi Linh's family (Ia Blang commune, Chu Se) has just sold 600 sawn timber pillars, but only for … 15,000 VND each, while buying at the price of 80,000 – 140 thousand VND.
Linh said: “My family borrowed nearly VND 500 million from the bank to plant six hundred pepper piles. From the day I died, I sold all my posts to pay off the bank debt ”.
Do Van Ken (Ia Blang – Chu Se commune) is different: 4 years ago, when he found out that the pepper garden showed signs of yellowing, he actively reported to the local authorities and professional branches. All measures have been applied, but the gardens are getting worse, there are many pillars dried up and dead.
Looking around, seeing many pepper gardens died but could not cure, Mr. Ke worried very much, he thought of one day having to destroy the entire pepper garden with more than 1,000 pillars of the family.
Immediately, just trying to save the pepper garden, he has intercropped 60 avocado trees in places where pepper posts were completely dead.
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| Mr. Do Van Nickel planted Thai jackfruit in a pepper garden. |
Now the avocado tree is taller than an adult's head, lush and has been harvested. The sale of avocado in the pepper garden is extremely valuable, because it partly solves the debt of his family. Two months ago, he planted an additional 100 grapefruit trees in the pepper garden died, his grapefruit intercropped a few adult hands. “Hopefully in the future, the orchard replacing the dead pepper garden will be a stable source of income for the family,” Mr. Ken said in hope.
In this place once known as the “Pepper Kingdom”, those who are quick to switch crops, intercropped with fruit trees in the dead pepper gardens like Mr. Ken is not much. Most of the time when pepper gardens fall sick, unable to repay debts, garden owners have to sell off the gardens, sell cars, sell villas to pay debts. Pay no debt, had to leave the country to work away from home to make money – also a way to … avoid debt.
