Myanmar/Burma and Thailand: Savings, loan and micro insurance
The long term Diakonia partner The Border Consortium, TBC, provides food, shelter and essential non food items to the displaced people from Myanmar/Burma. TBC recently started a savings, loan and micro-insurance programme in two camps.
Helps creating a local fund
The programme is run in the Mae Ra Ma Luangand Tham Hin camps. It aims at helping create a local fund with savings. The programme follows the principles of community-based microfinance forsavings and loan activities.
15 groups with 102 members in Mae Ra Ma Luang and 20 groups with 140 members in Tham Hin have been saving since October 2011.
Promotes entrepreneurial activities and provides security
This local fund is easy to access and helps promote the development of entrepreneurial activities in camps. It is also used to provide security to the investment camp people have in animal raising.
The programme assists group members in defining member roles, formulating a constitution, mobilising saving efforts and lending and bookkeeping procedures.It is anticipated that with the creation of the fund, refugees can have easy access to financing to start or expand their small businesses.
The insurance fund compensates a certain amount of loss to prevent the entrepreneurs from further borrowing when restarting animal raising activities.