A loan of $5,800 helped to purchase livestock.

Wan Be Chaing Village's story

Located in Central Myanmar’s Yasagyo township, this community currently has 29 village customers, including 5 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. Additionally, labor to help farmers during the intense planting and harvesting seasons is limited, as most of the village's young people are migrating to other cities in search of economic opportunity.

The previous loan was used by the villagers to purchase seeds such as sesame, various beans, and rice paddies. ThIs new loan will help farmers buy livestock, namely cows, pigs and goats. These animals can help on the farm, as their manures can be used as a natural fertilizer, and their offspring can be sold for additional income.

Pictured above are the committee members from the village CBO: U Khin, U Tin, U Than, U Min, and Daw Hnin. Included in the photo (second from right) is U Khin, who is 42 years old and the father of one child, who is in secondary school. He purchased paddy, bean, and sesame seeds with his past loan. He is now saving money to purchase two bulls, which are more expensive than other animals. His new loan, on top of his accrued savings, will make it possible for him to buy the bulls.

Loan details

Lenders and lending teams

Loan details