The sweltering heat did not prevented members of the Bawa Yay Thauk Myit Cooperative to attend the launching and ribbon cutting ceremonies held at the new office of the cooperative on May 12, 2016. Members lined-up to receive the stock certificates of the equity they contributed to the capital of the cooperative.
U Lon Kyin, the chairperson of the cooperative emphasized in his speech participation of all the members will ensure success and sustainable services to the members. During the launching, new members paid their equity shares, while some members purchased additional shares evidence of their confidence in the capacity of the cooperative to manage funds.
The highlight of the ribbon-cutting ceremony was the participation of the new Kayin Chief Minister Daw Nan Khin Htwe Myint and top officials of the Kayin State government. The Chief Minister lauded the formation of the cooperative and its role in the development of Hlaing-bwe Township.
The cooperative is continuing with the capacity-building activities with the hands-on mentoring with the staff and formal training for the members of the Board of Directors.