MADB provides over Ks 60 billion loan to over 80,000 Rakhine farmers
MADB provides over Ks 60 billion loan to over 80,000 Rakhine farmers
Narinjara, 02 Aug 2018
URL: https://www.bnionline.net/en/news/madb-provides-over-ks-60-billion-loan-over-80000-rakhine-farmers
The Myanmar Agricultural Development Bank (MADB) has loaned over Ks 60 billion to over 80,000 farmers from the Rakhine State during this monsoon agricultural season.
Although the bank planned to give out loans from May to June in this monsoon agricultural season, it has extended the loans to the end of July.
The farmers said they welcome the plan to extend the loan period and give out more loans to the farmers.
Although actions will be taken against farmers who have failed to pay back the loans from the previous years, no actions has been taken so far and the bank is still campaigning the farmers to pay back the loans, according to the MADB.
Although the bank planned to give out loans from May to June in this monsoon agricultural season, it has extended the loans to the end of July.
The farmers said they welcome the plan to extend the loan period and give out more loans to the farmers.
Although actions will be taken against farmers who have failed to pay back the loans from the previous years, no actions has been taken so far and the bank is still campaigning the farmers to pay back the loans, according to the MADB.