A loan of $6,025 helped to help 30 villagers to raise pigs, goats, and chickens.

Tet Wun (South)'s story

Located in Central Myanmar’s Magway township, this community currently has thirty village customers, including five CBO (Community Based Organization) committee members who help to lead the loan program in the area. As the area is suffering from uncommon rainfall and a lack of water in the community water basin, crop yields are lower than expected and households must buy drinking water, costing them about $3 a week. The largely Buddhist community is also raising money to renovate the monastery and pagoda in the village.

The new loan will help these borrowers raise livestock, which is the secondary income source after farming crops such as millet and green gram. Villagers would like to use this loan to buy pigs and goats. Some people who have chicken farms can also invest their loan to expand their business, as the upfront costs are very high. There are other income generating businesses in the village, such as tapping toddy palm, selling groceries, tailoring at home, and seeking formal employment in urban centers.

Pictured above are the committee members from the Tat Won (S) CBO: U Aye, U Khine, U Zaw, U Aung, and Daw Mya. Included in the photo is U Khine, who is a thirty-two-year-old farmer. With his new loan, he will purchase crop seeds such as sesame and groundnuts. As he is also planning to start a chicken farm, part of his loan will be used to buy chicken feed, which sells for about $40 a bag.

Loan details

Lenders and lending teams

Loan details