- Loan Open For Subscriptions Until 27 Jul 2026
Nutritious Instant snacks; made by local youth, supporting local enterprise development in Myanmar
TUN YAT PTE. LTD.
- Yangon, Yangon Division, Myanmar
Menu
- 0 USD
Amount committed of 32,000 USD target. This loan will be funded as long as it raises between 25,000 USD and 32,000 USD.
This loan funds the expansion of Shal Kaung; a porridge based instant snack which brings much needed nutrition to a variety of markets including; children, elderly and those in conflict zones. Growing the brand also focuses on employing young people providing much needed job opportunities.
- 0 Lenders
Committed
- 12 months
Loan Period
- 8%
Interest Rate
- BACKGROUND
Loan summary
Tun Yat has successfully developed, marketed and is selling an instant snack food set of products under its Shal Kaung brand. The product offering is a nourishing convenient instant porridge (with chicken and fish flavours), together with a seasoning soup / curry powder (Rakhine flavouring). No artificial flavoring (real fish is used), with higher protein and fiber content, gluten-free content, and rice sourced locally, made by local youth.
The product was began development in 2022 as a gap in the market was identified for a locally made porridge based snack food:
- imported foreign porridge brands have been restricted for the last 5 years
- Grocery Buyers and UN agencies have issues importing higher-nutrition porridge due to import restrictions
Developing added value products is also essential to create more propsperity within the agriculture sector rather than only selling finished crops.
Since 2023 the focus has been distribution and they are now listed in 5 Grocery chains in Myanmar and Thailand as well as convenience stores and markets.
The next phase is to continue to scale by investing and leveling up in three key areas: Increased production, Sales and Marketing, and operations.
A full explanatory deck is available in the documents section.
Borrower's mission
Tun Yat is social business creating impact through Agriculture and Food production. Their work aims to create prosperity for all in Myanmar and bring improved nutrition to those who need it.
They do this with two core workstreams:
- The BREAD program which provides credit to farmers so they can purchase supplies in advance and get better pricing deals as they are bought in bulk by farming village committees (please refer to prior Tun Yat loans for full details)
- The development of the Shal Kaung snack brand which provides job opportunities to Myanmar youth and provides nutrition to groups who may struggle to access it such as children, the elderly and those in conflict zones.
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 the last decade, 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 over 30 enterprises. We establish close working relationships with all of the impact enterprises we raise debt capital for, working with them closely over the loan term to support their business and manage repayment issues or risks.
- IMPACT
Impacts and how they are measured
The impact aims of Shal Kaung over the next year are around employment, training and nutrition delivery :
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