ADB-Japan project to help Mon State’s entrepreneurs
ADB-Japan project to help Mon State’s entrepreneurs
Myanmar Times, 23 Dec 2015
URL: http://www.mmtimes.com/index.php/business/18267-adb-japan-project-to-help-mon-state-s-entrepreneurs.html
The ADB will administer a US$3 million grant from the Japan Fund for Poverty Reduction. The project aims to increase incomes and employment opportunities for small businesses and entrepreneurs in four townships in Mon State – Chaungzon Island, Kyaikhto, Mawlamyaing and Mudon.
The project aims provide economic opportunities for 900 households across 12 villages in the four townships, the ADB said. Sixty percent of project beneficiaries will be women.
U Min New Soe said that female participation in the state’s business community was lower than men’s, and that the project will help draw more women into business.
The government and local communities, with ADB assistance, will provide support equivalent to about $450,000. The project will run for about four years, and is expected to finish by the end of December 2019.
The project aims provide economic opportunities for 900 households across 12 villages in the four townships, the ADB said. Sixty percent of project beneficiaries will be women.
U Min New Soe said that female participation in the state’s business community was lower than men’s, and that the project will help draw more women into business.
The government and local communities, with ADB assistance, will provide support equivalent to about $450,000. The project will run for about four years, and is expected to finish by the end of December 2019.