A loan of $3,500 helped to help 18 villagers raise and sell livestock.

Sin Ta Khar Village's story

Located in Central Myanmar’s Yasagyo township, this community currently has 18 village customers, including 6 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.

The main income generating businesses in the village are farming, livestock raising, weaving, and trading. Farmers used their past loan to buy farming inputs, such as seeds and fertilizer, to boost the yields of their sesame, cotton, and groundnut crops. The new loan would help borrowers buy livestock, such as goats and cows. These animals are important because they can be used during planting and harvesting seasons, which save farmers the $10 hourly cost of renting a tractor. They also produce manure that can be used as natural fertilizer, and they can be sold at a profit of ~$50 each after many seasons of farm use.

Pictured above are the committee members from the Sin Ta Khar Village CBO: U Thaung, U Zaw, U Aung, U Tin, U Myint, and U Tin. Included in the photo (farthest to the left) is 60-year-old U Thaung, who lives with his five family members. With his past loan, he purchased high quality sesame and groundnut seeds. Given that he has a collection of 60 goats, he will use his new loan to invest in other breeds of livestock.

Loan details

Lenders and lending teams

Loan details