Total loan: $9,300
Yin Mar Taw Village
Magway, Magway Region, Myanmar (Burma) / Agriculture
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A loan helped to help 45 villagers raise livestock such as cows, pigs, and bulls.
Yin Mar Taw Village's story
Located in Central Myanmar’s Magway township, this community currently has 45 village customers, including 6 CBO (Community Based Organization) committee members who help to lead the loan program in the area. Due to irregular and infrequent rainfall, farmers are struggling to sustain sufficient crop yields and some failed crops have to be replanted. As most villagers are Buddhist, they must save money for cultural ceremonies, such as offering provisions to monks. The new loan will help village members raise livestock, such as cows and pigs. The price for one small pig is about $40 and can be sold for about $150 after raising it for about seven months. The profits from raising livestock will be used to purchase farming inputs such as seeds and fertilizer, which usually cost about $200 each planting season. As a longer-term investment, they would like to buy a tractor, which can increase crop production, ease the harvesting process, and save on labor costs. There are other income generating businesses in the village, such as growing palm trees, selling groceries, and tailoring. Pictured above are the committee members from Yin Mar Taw Village CBO: U Myint, U Zaw, U Win, U Min, Daw Lei, and Daw Khin (photo also includes one additional non-CBO village member). Included in the photo (first from the left) is U Myint, who is 45 years old and has 6 family members. He is planning to raise livestock because he has historically had to hire bulls to use on his farm. These leased bulls are quite expensive, costing $15 an hour.