Betel, Electronic and phone accessories shop owner
Daw Nwel Nwel Htun is the one of the members of Center No.48, Group No 9 of MIFIDA and live in Mingalaryarma street,(65) ward, South Dagon Township, Yangon Region.She is 28 years old and live with her husband. In Currently, she own the Betel, Electronic and phone accessories shop.
Before joining to MIFIDA
She got the money(120000 Kyats by monthly) from her husband who the staff of the steel and metal housing material making business. And then MIFIDA has general meeting in theirs words, say that theirs wards authority who interested people can listen. So that, her attend the general meeting. First cycle loan amount(150,000Kyats) is she don’t want to borrow .But, if she has business she get the profit from her business. She don’t requested the money from her husband. Her mother advice to borrow from MIFIDA. Therefore she achieved the first cycle general loan (150,000)kyats in 15.1.2016.
After joining to MIFIDA
She start open the betel shop that loan. Her named the betel shop “Shwe Sin”. First time she get (4000Kyats) profit from betel shop. One month later she get (8000Kyats) profit. Two month later she collected the money (200,000Kyats). She bought motor cycle. Her husband carry the passenger that motor cycle that business get the profit (8000Kyats) in one day. Six month later, because of her followed MIFIDA discipline. She received the extra loan. She re-added that extra loan in betel shop.
One year later, she get second cycle general loan(300,000Kyats). Her father pay some money to capitalize in Electronic and phone accessories shop. She combine the second cycle loan and that money. She opened the Electric and phone accessories shop. And then, she full paid the extra loan. She get the micro enterprise loan (1,500,000Kyats). That loan, she selling hand phone, phone charger ropes, earphone, phone top up card, phone sim card, phone sound box, bulb with betel shop. She had the profit (800000Kyats) from betel shop and electronic and phone accessories shop. She austerity the expenses and she save the money to increase her business.
- Possession (Betel From Electronic and phone accessories shop)
- Income (Former, only her husband income 120000Kyats From betel and Electronic and phone accessories shop income 500000Kyats and her husband income 300000Kyats)
- Expenses (More donation)
- Saving habits ( More saving eg. Re-add the capital and to buy motor car)
- Managing ability
- Business Knowledge
- Income and Expense administrations
Concept on Company
She sees that MIFIDA has many good services such as loan type and loan size, savings which are not always late and can give on time for that services. The polices are systematic and staffs’ behavior, communication and services are also very good.
She got believe in herself by starting with loan amount of 1.5lakhs and opened betel shop and electric shop. She doesn’t need to feel dejected because she can make her own income, now. She joined-hand faithfully with only MIFIDA, not joining with other microfinance companies.
She hopes that she will invest more goods and products in her shop and she will change her shop to the better selling shop in the future. If she has her children in the future, she will try to make her children to stay and attend at the high standard schools. She also decides to do like that definitely.