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    Tagged: loans

    Arakan Farmers Lead Story News

    Rural Arakan to receive $10 million under micro-finance scheme

    The loan, to be distributed through the Mya Sein Yaung micro-finance scheme, will be used to support businesses and livelihoods in 401 villages.

    Business Development Lead Story News

    Burma’s electricity grid receives World Bank boost

    The World Bank has approved a US $400 million interest-free credit to support the Burmese government’s expansion of the national electricity grid.

    Development Economy Lead Story News

    OECD highlights opportunities in Burma, urges urgent reforms

    The latest report in a multi-stage review highlights opportunities but emphasises the need for swift reform to fix skills-gap and develop financially.

    More

    Business Lead Story News

    SMEs to receive loans after eligibility survey

    Sumitomo Mitsui Banking Corporation is currently conducting a survey to assess which SMEs will be eligible for government loans to help their businesses.

    Business Lead Story News

    World Bank approves US$140 million electricity loan for Burma

    The World Bank on Tuesday approved a US$140 million interest-free loan to boost electricity access in Burma, where over 70 percent of the population live in darkness.

    Business Lead Story News Politics

    Ministry tells agro firms to pay back loans or face charges

    Burma’s Livestock and Fisheries Ministry issued a warning last week to ten private agro firms and ordered them to repay billions of kyat in loans by 31 August or face prosecution

    Poverty alleviation scheme falls short video

    Video

    Poverty alleviation scheme falls short

    In May the government granted over 10 million Kyat [USD$10,000] to Kamarmat village-tract in Rangoon as part of a nationwide poverty alleviation scheme. Impoverished households were due to get 30,000[…]

    “Poverty alleviation should be prioritised” – Thein Sein video

    Video

    “Poverty alleviation should be prioritised” – Thein Sein

    President Thein Sein vows to tackle poverty in Burma by introducing micro-finance loans to households and workers and establishing cooperatives.

    Business News

    Banks skim money from Burmese farmers

    June 23, 2009 (DVB), The Burmese government's agricultural bank is skimming money from agricultural loans for farmers and using it in their own loan sharking ventures, say the opposition National[…]

    Business News

    Farmers pressured to repay state loans

    Feb 3, 2009 (DVB), Farmers in lower Burma, who have been finding it difficult to pay back agricultural loans due to low yields and falling prices, are coming under pressure[…]

    Uncategorized

    Farmers encouraged to join USDA to get loans

    Jan 15, 2009 (DVB), Farmers seeking agricultural loans from the Union Solidarity and Development Association are being encouraged to join the organisation and charged fees for application forms. Local farmer[…]

    Uncategorized

    USDA grants loans to farmers

    Jan 6, 2009 (DVB), The Union Solidarity and Development Association in Rangoon division is offering agricultural loans to local farmers for this year’s harvest, but some farmers claim the move[…]

    Uncategorized

    Farmers struggle to repay loans

    Dec 30, 2008 (DVB), Many Burmese farmers are facing difficulties repaying agricultural loans which they took out at the onset of monsoon due to the drop in rice prices and[…]

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