The loan, to be distributed through the Mya Sein Yaung micro-finance scheme, will be used to support businesses and livelihoods in 401 villages.
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[…]
President Thein Sein vows to tackle poverty in Burma by introducing micro-finance loans to households and workers and establishing cooperatives.
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[…]
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[…]
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[…]
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[…]