Total loan: $18,325
Chaung Son (West) Village
Myingyan, Mandalay Region, Myanmar (Burma) / Agriculture
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Chaung Son (West) Village's loan finished fundraising,
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A loan helped To help 93 villagers buy fertilizer and pesticides to enrich and protect their crops.
Chaung Son (West) Village's story
This community is located in West Chaung Sone Village in Central Myanmar’s Thaung Thar township. There are 93 village customers, five of whom are Community Based Organization members who oversee the loan program. This village is located in one of Myanmar's dry zones where insufficient rainfall is common. Most villagers are Buddhist and struggle finding access to affordable credit, as the state-owned agricultural bank is not active in the area. Most farmers in this village grow beans, sesame, and groundnuts. This new loan would help village members purchase fertilizer and pesticides, investments that would improve crop yields and therefore crop sales. This additional income will help villagers buy the diesel required to fuel their water pumps, which pump water to people's homes and fields. Because drought it common in Myanmar's dry zones, the ability to pump water is very important. Currently, villagers are struggling to buy five gallons of diesel, which costs $25, to run the water pump every day. Picture above are U San, U Latt, U Tin, U San, and U Myint, the committee members from West Chaung Sone Village CBO. Included in the photo (farthest to the left) is 49 year-old U Myint, the father of five children. His main business is cultivating crops such as peanuts, groundnuts and sesame. He also sells palm sugar generated from his toddy-palms plants. Last year, he used his loan to buy peanut seeds for his farm. This year, he plans to buy fertilizer to enrich his soil.