Wednesday, 23 May 2012

Mizzima News

Home > News > Election 2010 > USDP to grant Rangoon residents loans; total 10 billion kyat

USDP to grant Rangoon residents loans; total 10 billion kyat

E-mail Print PDF

Rangoon (Mizzima) – A Rangoon Region Union Solidarity and Development Party (USDP) official said that the USDP would grant loans, totaling 10 billion kyat, to people in Rangoon Region. To qualify for a loan, a person must be a USDP member.
Former Rangoon Mayor Aung Thein Lin. Photo: Mizzima 
The party will grant a total of 7 billion kyat as small loans and a total of 3 billion kyat as agricultural loans to farmers at a 2 per cent interest rate. Profits would be used in health care services for the public, said Aung Thein Lin, a Lower House MP from South Okkalapa Township and a former Rangoon Mayor.
 
A canvasser from the Shwepyitha Township USDP said, “He [Aung Thein Lin] said that the party granted money to the township, and people need to be grateful to the party.”
 
A resident in North Okkalapa Township said, “We got a 30,000 kyat loan. To get a loan, we didn’t need to sign over our possessions. But we had to join the party.”
 
Aung Thein Lin also said the USDP would open charity clinics and a charity maternity clinic in Rangoon. The USDP is the government-supported party which holds a majority of seats in Parliament.
Last Updated ( Friday, 22 July 2011 21:17 )  
The World's Longest Ongoing War
(An Al Jazeera/Mizzima Production)