Myanmar, formerly known as Burma, is known to have a vast resources of jades and other stunning gemstones; thus, it is the norm in Myanmar that the locals has been accustomed to wear jewelries – from fancy ones to the most exquisite and expensive ones. With this tradition and custom, it is not surprising that the jewelry business in Myanmar is booming.
Ms. Aye Aye Mar, 58 years old and a resident in North Okkalapa, is one of the people who decided to venture in the jewelry shop business. Ms. Aye Aye Mar and her husband started the jewelry business since they started their own family in 1977. They got the inspiration from the parents of Aye Aye Mar’s husband - they do polishing of gemstones for a living. Seeing the rapid expansion of the gemstone business across the country, they believed that it would help to meet the needs of their future family.
Keeping the vision in mind, Ms. Aye Aye Mar and her husband used the money they inherited from their parents in the jewelry business. From the capital of MMK1,500,000, they have grown their operating capital to MMK10,000,000. The couple has expanded their business and also engaged in lottery and a grocery store.
The business of Ms. Aye Aye Mar has been running well, until she realized that they do not have much savings to invest further in their business expansion because of the expenses of their growing family, having four (4) children. After she was able to provide education to her children, she decided to expand her business. However, she does not have enough savings for business expansion. Thus, when she heard about the products and services being offered by CARD Myanmar CO., LTD., she did not had second thoughts and immediately showed interest.