Micro Credit Groups
Naw Paw Gaw works with the Yangon Karen Women’s Development Group and she sets up microcredit groups of six to twelve women who each develop a business plan to provide income for her family. Projects include sewing, raising chickens or hogs, small retail shop, gardening, buying wholesale and selling retail, etc. The group works together to help each develop her business. Here is a report from one of the groups. Ma Oo Bin Zone Women Micro Finance Group is composed of families headed by women. They had received a grant in 2014. This group has a leader, secretary and treasurer. They have organized the group as a church women’s group and gave initial loan to the members beginning from $50 to $70 for individual loans. The interest charge of loan is 5% per month while other money lenders is 10%-15% in the villages. The group started the capital amount from $300 and within two years they have received back more than $500. They contributed $45 to Yangon Kayin Baptist Women Assoc...