| MBEG: Farmers, Cyclone Victims Offered Microcredit |
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| Written by Susanne Krippner | |
| Tuesday, 01 July 2008 | |
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Source: Min Lwin, The Irrawaddy A Rangoon-based non-government organization, Myanmar Business Executive Group (MBEG), has announced a 50-million-kyat (more than US $40,000) microfinance scheme to help victims of Cyclone Nargis in the western outskirts of Rangoon and the Irrawaddy delta. MBEG said it would offer loans to cyclone survivors who have no collateral by relying on guarantees from other people in their communities. For more information on the loan scheme and to read the full article in The Irrawaddy click here . |
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