A loan of $5,125 helped to help 24 villagers raise livestock to resell for a profit and produce natural fertilizer.

Pi Tauk Kone's story

Located in Central Myanmar’s Magway township, this community currently has 24 village customers, including six CBO (Community Based Organization) committee members who help to lead the loan program in the area. The villagers have difficulty accessing clean water and reliable roads. There is also a shortage of labor because many young people are migrating to other cities for job opportunities. Every dry season, nearly 30 young people migrate to other cities.

The new loan will help village clients purchase livestock, which is their secondary source of income after farming groundnuts and sesame. They aspire to raise goats, sheeps, and pigs and use the manure as natural fertilizer to improve their farms' soil conditions. One small animal costs about $50 and can be resold for a profit. With this extra income from livestock, villagers can support their families' health, education, and living expenses. Also, extra money is contributed to village development projects, such as repairing the water basin and rebuilding the village roads.

Pictured above are the committee members from the Pi Tauk Kone Village CBO: U Win, U Hlaing, U Myo, U Khine, Daw May, and Daw Mya. Included in the photo (third from the right) is U Khine, who is 33 years old and married. His son is in University, and U Khine supports his education. He purchased topsoil and fertilizer with his past loan and wants to purchase three or four goats with this new loan.

Loan details

Lenders and lending teams

Loan details