- Loan Open For Subscriptions Until 22 Jan 2026
BREAD: Building Resilience and Empowerment for Agricultural Development – Raise 3
TUN YAT PTE. LTD.
- Yangon, Yangon Division, Myanmar
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- 12,000 USD
Amount committed of 42,000 USD target. This loan will be funded as long as it raises between 30,000 USD and 49,000 USD.
This loan funds a debt facility for small-holder farmers in Myanmar – 50% who are women. Now in its fifth year the facility funds activity such as land prep, tilling, harvesting, fertilisers, and seeds for rice planting. The loan funds enable Tun Yat to pay suppliers upfront which eases farmers’ liquidity issues, with repayment occurring after harvest.
- 2 Lenders
Committed
- 6 months
Loan Period
- 9%
Interest Rate
- BACKGROUND
Loan summary
This is the third LendForGood loan Tun Yat has raised for the BREAD project they run in conjunction with UNOPS. Both previous loans were paid back in full (loan 1, loan 2).
The BREAD program empowers farmers in Myanmar by providing a credit facility to them to purchase seed, fertiliser, agri-machinery and other inputs required for their farms. The loan is then paid back once they harvest their produce.
As with the prior LendForGood loans, this loan allows the program to continue uninterrupted while they wait for their next tranche of approved grant funding (US$300k). It provides the working capital to purchase all the farming inputs required by the farmers.
This is a model Tun Yat has successfully run and refined over the last five years. A new development in 2025 has been to introduce training and equipment for farmers (particularly as part of a women’s enterprise programme) to learn Bokashi composting practices to make fertiliser – a more natural system which is better for the land and reduces waste. This Bokashi can then be bought as part of the BREAD programme or sold using the Tun Yat reseller platform.
Borrower's mission
Tun Yat is social business, working with villages to empower them, creating prosperity-for-all. We do this, by providing farm services, credit, and digitisation solutions to raise income levels for farmers.
The BREAD programme is an integral part of the Tun Yat mission as it allows farmers to raise their income by being able to finance what they need to produce more. The impressive growth has meant Tun Yat has an extensive network of farmers who they are able to reach by creating local village committees to oversee the program. This grass roots network has proved valuable not just with the BREAD programme but also recently when they were able to utilise it to provide earthquake relief payments directly to farmers.
Long term Tun Yat will continue to grow the BREAD programme by onboarding more villages and farmers as funding allows.
The activities funded by this loan are helping to achieve the above Sustainable Development Goals as defined by the UN.
Intermediary's experience with impact enterprises
For more than 9 years, Red Hat Impact has helped impact enterprises by raising capital and providing other kinds of business and strategy support. We have raised more than $3M from our network of impact investors, and loaned this capital to support 30 enterprises. We use a crowd-lending model to raise loan capital. As of May 2024, we maintain a 98% success rate on loan repayment. We establish close working relationships with all of the impact enterprises we raise debt capital for, and co-manage risks with them during the loan term.
- IMPACT
Impacts and how they are measured
Our UNOPS Lift-fund BREAD Project, works with 20,000 direct beneficiaries, 50% of these are women farmers, across the dry-zone region of Myanmar. Impact measurement includes the following indicators that we measure at the beginning and end of each project life-cycle.
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