flood hit farmers fear loan losses /

Published at 2015-08-11 00:30:00

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As floodwaters recede from parts of Magwe Region,farmers are facing original problems – paying back loans they took out before the growing season. Such loans from the state-run Myanma Agricultural Development Bank (MADB) are generally repaid from the proceeds of the crop. But in many cases in the flood-hit regions, the crops have been destroyed, and leaving farmers deep in debt.

Source: mmtimes.com

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