Background Paper No. 3 - Rural Finance in Myanmar
ABSTRACTED FROM THE EXECUTIVE SUMMARY: Farmer indebtedness is a serious problem in Myanmar and the number of landless farm households is increasing. Working capital finance for farmers is exceedingly expensive except for the rather small amounts provided by the MADB and bad harvests can mean that farmers need to sell their land to satisfy loan repayments, becoming casual laborers instead. There is a serious lack of financing for equipment.