Meet Cing Lam Vung
Cing Lam Vung has been running a vegetable stall in Kalaymyo, Myanmar for over 10 years but, for much of this time, has struggled to make a profit.
Despite the difficulties in managing a perishable product in a tropical climate Cing has become an expert at minimising waste.
Despite the difficulties in managing a perishable product in a tropical climate Cing has become an expert at minimising waste.
Cing Lam Vung has been running a vegetable stall for over 10 years
However, because she has to buy the majority of her stock on credit from wholesale suppliers outside Kalaymyo, her profit margins are slim.
Now on her third loan from ADC's partner in Myanmar, ZMF Bank, Cing has used microfinance to purchase a greater proportion of her stock up front. With the additional profit that this allows her to generate, she hopes to soon be able to purchase all her fruit outright from the supplier and not have
to submit to onerous credit terms.
Cing and her husband, a rickshaw driver, have three school-aged children. She says her immediate goal is keeping her kids in school with the aim of one day putting them through tertiary education.
Now on her third loan from ADC's partner in Myanmar, ZMF Bank, Cing has used microfinance to purchase a greater proportion of her stock up front. With the additional profit that this allows her to generate, she hopes to soon be able to purchase all her fruit outright from the supplier and not have
to submit to onerous credit terms.
Cing and her husband, a rickshaw driver, have three school-aged children. She says her immediate goal is keeping her kids in school with the aim of one day putting them through tertiary education.
A loan from ZMF has enabled Cing Lam Vung to purchase more of her stock up front