Last month we made a $100 loan to Tadevos, the Armenian baker. This week we are making a $100 contribution to the loan of Nyaung Win Village, a farming community based organization in Myanmar.
Farming requires making bets on your crops. You can buy things like fertilizer or more valuable seeds to increase the value of your crop, but then if the weather doesn't play right, you can be at a loss of your investment. Because of that, many small farmers are very conservative, even if it would make financial sense to take the risk. Being poor makes taking risks risky.
The CBO in Nyaung Win Village will use the loan to improve their farming of the local rice paddies as well as seasonal crops. Then they will supplement with some local livestock like ducks and pigs.
Essentials needed include farm equipment, being able to pay workers ahead of the harvest, and gasoline for farm equipment.
Help us support Nyaung Win! In the picture above are Thein, Myint, Than, Soe and Kyaw. Thein owns the 21 acre farm.