A loan of $5,925 helped to help 29 villagers buy a small tractor for village use.

Tet Wun (North)'s story

Located in Central Myanmar’s Magway township, this community currently has 29 village customers, including five CBO (Community Based Organization) committee members who help to lead the loan program in the area. For this village, rainfall is uncommon, which threatens crop yields. Additionally, as the community well is not functioning properly, villagers have to pay about $3 for water each week.

This new loan will help the community purchase a small tractor, which costs about $7,000. In addition to expediting the planting and harvesting processes, owning a tractor will reduce villagers' current expenses, such as renting tractors from nearby villagers, leasing bulls from neighbors, and buying animal feed for these animals. Some parts of the loan will be used to raise livestock, such as goats or pigs, which provide natural manures to replace expensive chemical fertilizers and can be resold for a profit. In the future, villagers also want to set up an ice machine and drink business to generate extra income for their families.

Pictured above are the committee members from the Tat Won (North) village CBO: U Tun, U Hla, U Tin, U Aung, and Daw Aye. Included in the photo (third from the left) is U Tun, who is a 36-year-old father of one child. His new loan will help him raise livestock. Sometimes, he also works as a mechanic and sells livestock feed to other villages. With his additional income, he wants to purchase a handset phone, which will help him speak with his customers and monitor market prices.

Loan details

Lenders and lending teams

Loan details