A loan of $7,050 helped to help 35 villagers raise livestock that will help with planting and harvesting.

Nyaung Pin Thar Village's story

Located in Central Myanmar’s Magway township, this community currently has 35 village customers, including 4 CBO (Community Based Organization) committee members who help to lead the loan program in the area. In this village, about 90% of households own bulls that help on the farm with planting and harvesting. This village is located in Myanmar's dry zone, where insufficient rainfall is very common. Most villagers are Buddhist, so must invest in cultural ceremonies and provisions to monks. They also struggle finding access to affordable credit, as the state-owned agricultural bank is not active in the area.

The new loan would help this community raise livestock, especially cows and pigs, which generate extra income. Additionally, manure from the animals can be used as a natural fertilizer, thereby enriching plants without forcing farmers to spend money on expensive chemical fertilizers. In addition to this farming and livestock raising, villagers generate income by tapping sugar from palm trees and working as road construction workers in other cities.

Pictured above are the committee members from the Nyaung Pin Thar Village CBO: U Win, U Than, U Kyi, and Daw San. Included in the photo (second from the left) is U Win, who is 41 years old. His main businesses are farming, construction, and making teak furniture. He purchased fertilizer with his past loan and is saving money to purchase a bull, which will cost about $600, with his next loan.

Loan details

Lenders and lending teams

Loan details