Success Story of U Thant Zin
Daw Than Than Oo’s Paddy Cultivation
U Thant Zin lives in Pyalos Village which is located at Aung Lan township in Magway Division and he is doing traditional farming as paddy cultivation.
His family is a normal living standard in the village and every moon soon season he and his family are seek the funds to do the paddy cultivation and capital money for other related agriculture accessories such as seeds, fertilizer, and some other labor fees with the highest interest rate in place. And they pay back all these credit amounts to creditors after harvested and all cultivated profits are almost gone due to the high-interest rates. Thus, U Thant Zin is keeping finding the best funding options for his capital investment to paddy cultivation.
In late 2018, we, LOLC opened a branch at Aung Lan Township and U Thant Zin joined to LOLC – Aung Lan branch to get agriculture loan services. And, U Thant Zin received the 1st agriculture loan in October 2019 amounts as (1,400,000 MMK) for his paddy cultivation. After finishing the 1st agriculture loan cycle, U Thant Zin was satisfied with LOLC’s agriculture loan service especially due to repayment terms, conditions, and interest rate. Thus, U Thant Zin continued the next loan cycle as 2nd and 3rd to do paddy cultivation without any financial concern for every season.
Up now, U Thant Zin had been received 4th loan cycle amounts as 1,800,000 MMK for his cultivation, and his family business also going to progress year to year after joining with LOLC over 3 years. Now, U Thant Zin doing farming (02) time per-year as moon soon and summer in his own farming and he has 10 acres in his village.