micro-loans

micro-loans

Lay Dewan sits with his neighbours.
Helping or hurting: Touted as answer to poverty, microloans trap many in debt
Nearly 200 microlenders now offer low-interest loans to Myanmar’s poor, but many leave borrowers...
Published on Jan 3, 2020
Nay Myo Aung, the MP-elect from the Union Solidarity and Development Party. (Credit: Myo Myo/Twitter)
USDP By-Election Winner Accused of Bribing Voters With Low Interest Loans
In the months leading up to the November 3 poll, the Union Solidarity and Development Party (USDP) candidate for Seikkan township helped voters to secure micro-loans from an obscure...
Nov 20, 2018