x

RSS Newsfeeds

See all RSS Newsfeeds

Global Regions

Asia ( XML Feed )

Jul 22, 2016 7:57 EST

Myanmar (Burma) – Than’s Group: A loan of $1,775 helps a member to buy fertilizer, pay for labor fees for planting and harvesting the crops, and rent a tractor.

iCrowdNewswire - Jul 22, 2016

Than’s Group

 
 
Borrower image
 

Than’s Group’s story

Than is 52 years old and lives in Htoo-Gyi Village. There are six people in his family including his wife, two daughters and three sons. His youngest daughter is studying in grade eight in the local school.

Than is a farmer who grows paddy during the rainy season. He has worked as a farmer for the last 35 years. He is always proud of being a farmer because he can run his own business and also maintain his parents’ tradition. He owns four acres of farmland, which he used to grow the paddy. Two years ago, he faced some challenges with insect problems and it has been difficult to grow the paddy for the last few years. He grows only rainy season crops, and he has some challenges with flooding in the rainy season. He uses the profits from his business for different purposes such as for his family’s food, educational fees for his children, and health care fees.

Than has requested a loan from the Sont Oo Tehtwin program to purchase fertilizer, pay for labor fees for planting and harvesting the crops, and rent a tractor. He is happy because the interest rate is lower than informal money lenders and it will help to increase his income. Also, the length of the loan is convenient for him. In the future, he would like his children to become more educated and to earn high degrees at the university. He also has a future business plan to rear pigs and plant teak trees.

In this group: Than, Win, Aye, Thaung
*not pictured 

This loan is special because:

It provides farmers with additional training to build stronger savings habits. 

Mark McDonagh
Kiva staff 

More about this loan

This loan is provided to landless farmers who have no collateral to pledge and are therefore ineligible for loans from most other financial services providers. These farmers form groups to create social bonds but do not impose any joint liability obligations. The loans are used to purchase farm inputs and to cover labor costs and are structured favorably for farmers so that repayments are not required until after the harvest. Our field partner also supports these farmers by providing financial literacy training including fostering stronger saving habits. By supporting this loan, you’re helping farmers grow their crops and gain financial skills.

About Entrepreneurs du Monde – Sont Oo Tehtwin:

Entrepreneurs du Monde is an international NGO that runs a social microfinance program in Myanmar, known locally as Sont Oo Tehtwin. They provide underserved communities in urban and rural parts of southern Yangon with much-needed loans, savings accounts and financial training.

A loan of $1,775 helps a member to buy fertilizer, pay for labor fees for planting and harvesting the crops, and rent a tractor.

Contact Information:

Than's Group

View Related News >
support