Rural Development and Socio-economic improvement Section(I)

The Micro Capital Loan

The China Exim Bank Loan commenced its disbursement on December 19, 2013 as the settlement of Loan agreement between 2 nations, the Republic of the Union of Myanmar and the People’s Republic of China, was initiated in the year 2013/2014 by the government’s sovereign guarantee.

Cooperatives Unions in the state and region took the activities of providing the loan disbursement to cooperative societies with repayment for once per 6 months so as to reach their members by cooperative ways.

Purpose of Micro Capital Loan

The rural people can avoid from borrowing the high interest rate, they can stand on their own in the next (4) or (5) years and operate the business with their own finance as self-reliance or self-sufficiency stage to the sustainable development of the cooperative societies.

Members’ benefit

The rural people so far can save kyats 32174.34 million in interest every month if it is calculated to borrowing from outside money lenders with 10% interest rate.

EXIM Bank Loan

EXIM Bank Loan disbursement to Agricultural and Production Cooperative Societies