Revolving Fertilizer Bank System

Revolving Rice Bank System

 

U Cho Aye who is one of beneficiaries from Fertilizer Bank, said,’ In previous time, I always take fertilizer in loan with 5% interest as expensive price and it make high cost, low profit for me. But now I got fertilizer loan (Urea 1 bag, NPK 10:10:5 1 bag, Gypsum 2 bags) with 2% interest rate with very cheap price from the fertilizer bank committee, set up and supported by CAD. Now I used it in one acre of summer paddy cultivation season (February to July). Its yield per acre was above 100 baskets and net increase yield per acre was 40 baskets that value 160,000 ks (40bskt x 4000 ks) equivalent to US$ 170. And my family got net profit 110000 ks (US$ 120) (160000 ks minus 50000ks loan) for one acre of summer paddy growing. I never heard of this bank system and CAD is very innovative NGO for me.

Download PDF

Contact Us

7/Floor, Room (705) Kantaayar Plaza, Kannaa Road,

Kyimyindaing, Yangon, Myanmar.

 

Email: cad.yangon@gmail.com,

josephwin@gmail.com, cad.director@gmail.com

 

Phone: + 95-1-9317163
Mobile: 09-5040477, 09-421006741,

0973100973

Donation

Account Name
Community Agency for Rural Development

 

Name of Bank and Address
Myanma Apex Bank
No. (207), Theinbyu Road (Middle Block),
Botathaung, Yangon, Myanmar.

 

A/C Number:  996 02 15996007447016
 Swift Code:  MMABMMMY

Visit Info

Flag Counter
web counter