SVS obtained a microfinance license in October 2013 under the Microfinance Law (2012). SVS was selected to become a Pact Global Microfinance Fund (PGMF) partner in December 2012 and his since launched the Myanmar Access to Rural Credit (MARC) project through the Institutional Strengthening program. From December 2012 to July 2017 the partnership with PGMF is funded by UNOPS/LIFT. The project is closely aligned with LIFT’ strategy and its goal is to improve livelihoods and food security for almost 7,500 people. The program will utilize microfinance services to provide loans to the rural poor, marginal farmers and non- farming individuals. This will enable them to better access input market.
Microfinance from SVS in partnership with MARC program was introduced in Mandalay Region and started implementing in one township, Wundwin Township. SVS in collaboration with MARC started implementing MF program in February, 2014.
The project will disburse 4,000 agricultural loans, which will allow clients to expand their current activities important element of this project. Microfinance institutions around the world traditionally prefer female clients. In addition to offering farming support, the program will engage Over 3,500 landless women from rural communities to undertake non-farming activities, which will increase their ability to support their families financially.
Daw Shwe Yee from Ywae Thee village, Ywae Thee village group joined SVS project on 7 th March, 2014 to borrow normal loan (80000) kyats to invest in flowers and textile business. On the day that first loan was repaid, second loan (1000000) MMks was borrowed to invest in textile business.
Daw Tin from Sone Kone village, Ywae Thee village group joined SVS micro finance project on 9th March,2014. Daw Tin added first loan ( 80,000) MMks to capital investment of small shop.
Daw Yin from Min Kone village, Nyaung Oak Phee village roup joined as a member in SVS micro finance group on 11st February, 2015 and become a leader in saving and loan group point (3).