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(Xinhua) Myanmar holds microfinance
- Subject: (Xinhua) Myanmar holds microfinance
- From: darnott@xxxxxxxxxxx
- Date: Tue, 02 Nov 1999 04:04:00
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.
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