Daw Thida Myo
Coming from a well-off family, Daw Thida Myo and her four siblings were able to finish their degrees in universities in Myanmar. Their parents were businessmen selling jewelries and slippers and had a cigar making business, which they inherited from their parents.
Daw Thida Myo is a graduate of Bachelors of Law, but she is not able to pursue her profession. Her knowledge in law helps them on how to protect their business. She and her siblings chose to continue the business of their parents. They have different manufacturing areas.
Daw Thida Myo, 43 and single, is staying with her mother at home. Her mother named their cigar brand Loma Shein. She has been managing her place for 15 years. They are distributing the goods in the upper part of Myanmar because the aroma and tastes of their cigar fits the preference of the locals.
Overall, their business capitalization including her siblings’ is already MMK 100 million. She has two full time employees and has several daily wage earners. She gives MMK 45,000.00 to her two regular workers per month while she gives MMK 6,000.00 for 1,000 sticks for each daily wage earner.
Because of her exposure to her parents’ business when they were still young, she is able to manage the business very well. There are different brands of cigarettes smoked by many Myanmar people, but she is confident that their products are at par with the other brands.
Daw Thida Myo is a member of CARD Myanmar Co., Ltd. (CARD) for two years. Her workers are also members of the institution. Being stable in her finances, she also acts as guarantor for her workers so they too can access loans in CARD.
Her loan in CARD is MMK 300,000.00. Like her co-members in the institution, she prefers CARD because they can pay back their weekly obligations with no burden and the center meeting schedule is convenient for them.
Because of her busy schedule, she decided to hold their weekly center meeting in her cigarette factory so that she and her worker would not fail to attend it.
“As long as CARD works with me and it helps my workers, I would continue to be a member,”
she said. She wishes that CARD would continue and last forever to help more people in need of financial assistance.
-CARD Myanmar COMPANY LIMITED
