Chinese NGO Aims to Tackle Poverty in Burma Through Microloans

Tuesday, March 18, 2014

The China Foundation for Poverty Alleviation (CFPA) has announced that it will base ten assistance programs in Mandalay, issuing small loans alongside education and health support.

The news comes out of a Rangoon seminar last week, which addressed human development opportunities presented by the Sino-Burmese relationship.

Au Feng, of the CFPA, told the seminar that the foundation would register under the Ministry of Home Affairs, however he did not present any budgetary details. Offices are planned for Rangoon, Naypyidaw, Mandalay and Myitkyina, the capital of Kachin State.

Source: Democreatic Voice of Burma (link opens in a new window)

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microcredit, microfinance, NGO, poverty alleviation