The Ministry of Cooperatives is charged with registering and overseeing “cottage” enterprises – that is, very small firms, typically family owned, consisting of fewer than 10 workers. The Ministry also oversees the microlending functions of some cooperatives. In 2014, the Ministry reportedly budgeted MMK 50 billion (USD $51.8 million) to support microfinance, specifically in the coun-try’s agricultural sector. Interest charged on loans was anticipated to be 1.5 percent per month. The funds are reportedly sourced from a loan that Myanmar received from China in 2013.