[Date Prev][Date Next][Thread Prev][Thread Next][Date Index ][Thread Index ]

(Xinhua) Myanmar holds microfinance



Subject: (Xinhua) Myanmar holds microfinance seminar  

Myanmar holds microfinance seminar 

Xinhua, Yangon, 2 November 1999.  A seminar on microfinance is being 
held here to review an on-going micro-credit pilot project. The two-day 
seminar, which began Monday, is sponsored by the Cottage Industries 
Department of the Myanmar Ministry of Cooperatives and the United 
Nations Development Program (UNDP). Five papers are presented by 
attendants from Bangladesh, India, Malaysia, Myanmar and the Philippines. 

The pilot project aimed at making credit facilities accessible to the poor, 
stimulating employment opportunities through micro-small enterprises 
promotion, strengthening local capacity to independently manage
micro-credit schemes with primary focus on landless laborers, subsistence 
farmers and fishermen. The micro-credit project was piloted with inputs of 
3.9 million U.S. dollars from the UNDP plus the Myanmar government's 
contribution of 27.965 million kyats (93,216 dollars) in kind and cash with
the goal of
assisting 30,000 households in Myanmar. 

Internet ProLink PC User