A loan of $6,350 helped to help 32 villagers to purchase seeds for farming.

Kyu Chan Village's story

Located in Central Myanmar’s Pale township, this community currently has 32 village customers, including 4 CBO (Community Based Organization) committee members who help 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. Due to the lack of job opportunities in the village, some villagers will go to other countries, such as Thailand, as construction workers to support their families. Others are forced to migrate to urban centers to become traders.

Those who stay are mainly farmers who grow wheat, sunflowers, paddy, and various beans. Sesame and pigeon peas are the highest yielding crops for farmers. These farmers aspire to use their loans to buy agricultural inputs that will boost their crop yields and, therefore, their crop sales. The villagers hope to use their additional crop income to mend the road in the village, as the poorly maintained road makes it difficult for people to travel to their farms and other cities.

Pictured above are the committee members from Kyu Chan Village CBO: U Tin, U Win, U Sein, and U San. Included in the photo (farthest to the right) is 32-year-old U Tin, who is the father of two small children. He grows paddy, sesame, and beans and raises livestock to generate extra income for his family. The new loan will help him to pay for seeds and fertilizer to enrich his crops.

Loan details

Lenders and lending teams

Loan details