Kyonpyaw, 6 May
    

The Myanmar Agricultural Development Bank branch has embarked on disbursing monsoon agricultural loans for the year 2019 to farmers in Kyonpyaw Township, Ayeyawady Region.
    

“We are trying our best to disburse monsoon agricultural loans to the farmers in time. Today we dispensed more than Ks. 117.7 million of agricultural loans to 119 farmers for 785 acres of croplands. We will also dole out the loans to farmers from 21 village-tracts,” said Daw Than Than Aye, Manager from the MADB’s Kyonpyaw branch. Disbursement of agricultural loans is much beneficial to farmers because it is low interest rate.

Some farmers in the township sole rely on agricultural loans given by the MADB which disbursed over Ks. 12,689 million to 12,926 farmers for 84,597 acres of farmland from 97 village-tracts last year.—Nay Win Shein

Translated by Kyaw Htike Soe