Myanmar Case Study
                                               Raising the Quality of Life
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Daw Aye Myint is a 52 year old widow with one son and one daughter. She lives in Padmaya Kone village. She married U San 21 years ago. They had a rowing boat and a net and their only source of income was from the fish they sold. They were unable to send their children to school as books and school clothes were too expensive. 

U San died of malaria  more than 6 years ago. Daw was compelled to sell the boat for Ks 2000/- to bear funeral costs. Her struggle to feed her children began then. She started to hire a boat for fishing for  Ks 50/- a day. 
When she heard about the microcredit project of Grameen Trust which provides loans to poor women without collateral, she became interested. 

  
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After completing group training, she became a member of group  4 in center 1 of Bogalay branch. 

She received Ks 4000 as her first loan, which she used to buy an old rowing boat made of rough timber for fishing. She sells the prawns that she catches either fresh or dried.Her daily income is Ks 300 from which she is easily able to pay her weekly instalment. She  can now  save money and has been able to repair her hut. When she has paid off her first loan, whe wants to take a second loan.  With that loan and her savings, she dreams of buying a brand new fishing net of  good quality. 

She believes that will significantly increase her income and raise the quality of life of her family. All this was possible because of the microcredit project which seeks no collateral from its borrowers.