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Total loan: $2,300
Aye Aye's Group
Dala Township, Yangon Region, Myanmar (Burma) / Agriculture
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Aye Aye's Group's loan finished fundraising,
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A loan helped To buy fertilizer and to pay for day laborers for farm land preparation and harvest time.
Aye Aye's Group's story
Aye Aye is 48 years of age and lives in Kha Naung Ahtet village. She is married and has two children, one little boy who is 1 year old and one girl who is 2 years old. She has plans for both her children to attend school once they are old enough. She and her husband have been farmers for the last 20 years. They own 5 acres of farm land and rent 22 acres of farm land from a land owner for cultivation. They enjoy this job because they can work together and it is also a traditional role and they have the right skills for farming, as they have been working in this role for a long time. This will be Aye Aye second loan from the Sont Oo Tehtwin program and she plans to use it to buy fertilizer and to hire laborers for farm land preparation and harvest time. She said that the loan from the program is very effective because the interest rate is low, and it also means she does not need to borrow from informal lenders and can wait until the rice price is high before selling her crop. She faces some difficulties in her business with the growing impact of climate change and difficulty in hiring laborers during planting and harvesting time due to a shortage of people being available. Next year, she has plans to rent more farm land to expand her business.