Women’s Bank’s Myanmar project supports women’s livelihood by saving and loan groups and training for entrepreneurship.
Saving and loan groups
Myanmar is a new project country for Women’s Bank. After initial process of investigations, the aim of the project is to empower groups of women by achieving better income through training, small loans, saving and networking.
Post-catastrophe construction work will be a visible part in the first stage of the project.
The project is done in six chosen villages in Pyapon and Dedaye municipalities, where Finn Church Aid’s longtime cooperation partner Lutheran World Federation (LWT) has been working since 2008. Projects’ beneficiaries are 360 women in 360 households, which are organized in 18 women’s groups. Each group has 20 members.
Myanmar has just recently opened up to foreign investors. Democracy is being developed, but despite the changes, the country’s situation is unstable: it is uncertain whether the economic change brings change for the poor people at grass roots level. Women’s education level is poor: in the year 2010, of over 25-year-old women, only 18 percent had education after primary school. Only 4 percent of the land’s parliamentarians were women. Establishing women’s groups and their action is a pilot in the land.
Project planning and reports are being done during 2014. Village planning committees are included in the projects’ planning and in the training for community based economic principles.