Project Details

5000 rural farmers & non-farm enterprises

Project Name

: 5000 rural farmers & non-farm enterprises

Client Name

: 5000 rural farmers & non-farm enterprises

Country

: Myanmar

Period

: Aug 2018 – Ongoing

Programme

: “ACE – ACCESS TO CAPITAL FOR ENTERPRISES in rural Myanmar”. A flagship social business of DRI aimed at linking micro and small enterprises (both farming and non-farm enterprises) to financial institutions through business planning and credit risk assessment tools and providing a variant of agent-banking services to commercial banks. Access to capital is also provided to the farmers in the form of supplier credit for sale of quality agricultural inputs together with agronomy advice, training and coaching.

DRI portion of project budget

:  DRI’s own finance supporting a seven-member ACE team and other operational activities such as travel, per diem, communication, training, etc. Additionally, DRI agreed with A Bank (a commercial bank in Myanmar) to put take lien on its deposit of USD 100,000 with the bank as security against extension of the bank loans to client MSEs in Yemethin township, Mandalay region. A Bank has agreed to increase its loan amount after demonstrated experience with the scheme.