Total loan: $7,400
Thu Htay Kone Village
Myingyan, Mandalay Region, Myanmar (Burma) / Agriculture
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A loan helped to help 38 villagers buy animal feed and vitamins for their livestock and hire labor, which will make planting and harvesting more efficient.
Thu Htay Kone Village's story
Located in Thu Htay Kone Village in Central Myanmar’s Taung Thar township, this community currently has 38 village customers, 5 of who are CBO (Community Based Organization) committee members helping to lead the loan program in the area. This village is located in Myanmar's dry zone, where insufficient rainfall is very common. Most villagers are Buddhist and struggle finding access to affordable credit, as the state-owned agricultural bank is not active in the area. The new loan would help to pay for animal feed and vitamins that would promote the health of farmers' livestock, such as goats and cows. They would also use part of the loan to pay day laborers, who charge $3 per day to help harvest the crops. Additionally, the borrowers aspire to set up a shop where they can get various farming inputs such as fertilizer and seeds. This shop would help the villagers reduce their transportation costs, as they would no longer have to go to other towns to buy those inputs. Pictured above are U Thein, Daw Aye, Daw Kyi, Daw Chaw, and Daw Swe. They are committee members from the Thu Htay Kone Village CBO. Included in the photo (third from the left) is U Thein, who is a 21-year-old single farmer. He both farms and taps toddy-palm so that he can sell palm sugar. Sometimes, he also tutors children in the village. He spent his previous loan on labor that he hired at harvest. He wants to use his new loan to buy fertilizer, which is important to improve soil conditions and therefore boost yields.