A loan of $5,325 helped will help 28 villagers purchase a tractor so that they do not have to lease from a nearby village.

Myay Ma Hla Village's story

Located in Central Myanmar’s Yasagyo township, this community currently has 28 village customers, including 6 CBO (Community Based Organization) committee members who help to lead the loan program in the area. In this village, people are friendly and hospitable to everyone although they are struggling with their daily life. They are always enthusiastic to improve their living standards by finding ways to figure out business problems. That said, 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 will help this village purchase a tractor that will help with the planting and harvesting of crops such as sesame and beans. Nowadays, villagers are struggling to pay to lease a tractor from a neighboring village. It costs each farmer about $10 per day, not including the diesel fees that they must pay to operate the tractor. One gallon of diesel is $5. During harvest, villagers have to pay even more than $10 per day because of the spike in demand. In addition to farming, villagers cultivate Thanatkhar trees, which is used as a traditional beauty product by Burmese women, and raise livestock. They also have a long-term plan to cultivate limonia trees for timber and sap.

Pictured above are the committee members from the village CBO: U Win, U Aung, U Kyaw, U Sein , U Kyi, and U Yin. Included in the photo (third from the right) is U Sein, the father of two children. As there is only a primary school in the village, his children have to go to secondary school in a nearby village. He needs additional capital to purchase farming inputs so that his crop income can support his children's education expenses.

Loan details

Lenders and lending teams

Loan details