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This was also BASAID’s first project in Myanmar. Many people in Myanmar are stuck in a poverty trap, a vicious circle in which poverty leads to poor nutrition and health, and lack of education, undermining productivity and investment. The objective of the project “Microfinance Thukha Myanmar” is to help communities (e.g. orphanages) and families through financial support, coaching and training to build and develop their own business in order to become self-sufficient. This will give them an opportunity to break out of the circle of poverty.
