June 29, 2017

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Japan-funded ADB project to support small businesses in Mon State

A Japan-funded project will give training and support to small businesses to boost their incomes and work opportunities in four townships in Mon State, the ADB says. Photo/Provided by ADB Myanmar
A Japan-funded project will give training and support to small businesses to boost their incomes and work opportunities in four townships in Mon State, the ADB says. Photo/Provided by ADB Myanmar

The Asian Development Bank (ADB) announced yesterday that it will administer a US$3 million project funded by Japan to ensure job creation and income generation for small businesses in Mon State.
The project aims to support entrepreneurs selling crafts and local food to tourists and residents in four townships—Chaungzonkyun,Kyaikto, Mawlamyine and Mud on—to raise their incomes and to give them new entrepreneurial opportunities, the bank said.
The four Mon townships lie on a road section that runs through the Greater Mekong Sub-region’s East-West Economic Corridor, linking Myanmar to Thailand, Laos and Vietnam.
Under the project, local entrepreneurs will have the opportunity to attend a capacity building programme to help develop business management capabilities and links to suppliers and micro finance providers. Moreover, the project will finance the construction of a market facility in Mawlamyine and a processing centre in Kyaikto.
“The project aims to identify new craft and food product lines, provide technical, business and management skills to exploit them, and help small businesses, particularly those run by women and the poor, access affordable credit and links to new markets, giving incomes a substantial lift,” said Uzma Hoque, senior social development specialist for the ADB’s Southeast Asia Department.
The ADB has acknowledged that tourism in Mon state offers substantial opportunities due to the popularity of the Kyaiktiyo(Golden Rock) Pagoda in Kyaikto. However, the bank pointed out that a lack of product knowledge, management skills and access to technology hampers small businesses from taking full advantage of this fast-growing industry.
According to the bank, the project will cover 900 households across 12 villages in the four townships, targeting women to comprise 60 percent of the project’s beneficiaries.
Along with the ADB’s assistance, the Myanmar government and local communities will provide support equivalent to about $450,000, said the Manila-based bank.
The project is scheduled for completion in December 2019.

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