A loan of $9,450 helped to help 47 villagers pay for farming inputs such as labor, topsoil, and fertilizer.

Bant Bway (North) Village's story

Located in Central Myanmar’s Yin Mar Pin township, this community currently has 47 village customers, including 7 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, the land of this village is made up of salty sand, which makes farming and getting access to fresh water difficult.

This new loan will help borrowers hire labor for the planting and harvesting seasons and purchase high quality farming inputs such as topsoil and fertilizer, which will boost crop yields. This boost in crop yields will lead to an increase in crop sales, and this additional income will be invested in a tractor, which will cost about $2,400. As farmers cannot currently afford their own tractor, most of the farmers have to lease a machine for $12 a day, plus diesel fees. Mechanization is especially important in this village, as many young people who would be hired as day laborers are migrated to urban centers in search of economic opportunities.

Pictured above are the committee members from the village CBO: U Win, U Htay, U Thein, U Aung, U Shwe, and U Zaw. Included in the photo (second from the left) is U Htay, who is 52 years old and has seven family members, including three small children who attend primary school in the village. He aspires to use his loan to buy fertilizer and topsoil to enrich his sesame and bean crops.

Loan details

Lenders and lending teams

Loan details