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Japan to provide loans to Myanmar agricultural banks

Date: 19/08/2013
Source: Eleven
Japan to provide loans to Myanmar agricultural banks

Japanese banking firms are planning to provide loans through Myanmar's agricultural banks to help fund farming businesses, according to Myanmar Livestock Federation.

Kotaro Kikuchi from Japan International Corporation Agency (JICA), visited the Livestock Federation last week and queried about the difficulties faced in breeding animals and other farming practices.

"Due to political, economic and social reform processes, we [JICA] are going to meet NGOs for providing assistance. And then, we must report the assignments to JICA after data collection," said Mr. Kikuchi.

A workshop to discuss providing agricultural loans will be held in October and the suggestions from the workshop will be drawn while drafting policy on providing assistance.

“The two parts are providing and financial programs. According to the financial program, they [JICA] will give the loans to an agriculture bank and to the farmer," said Dr. Than Hla, Advisor for Myanmar's Livestock Federation.

Topic: Business
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Myanmar is a union of many nationalities; speaking over one hundred languages and dialects. The term Myanmar embraces all nationalities. The major races are the Kachin, Kayah, Kayin, Chin, Bamar, Mon, Rakhine and Shan.... ... More

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