Myanmar Finance International Limited

  • Region: Asia & Pacific
  • Country: Myanmar
  • Sector: Microfinance
  • Year: 2015
  • Domicile: Myanmar
  • Instrument: Equity
  • Commitment (MNOK) as of 31.12.2016: 12.4
  • Original Commitment (MNOK): 12.4

Formed in 2014, Myanmar Finance International Limited (MFIL) is a joint venture between Myanmar Investments Limited and Myanmar Finance Company Limited to provide microfinance products to local communities in Yangon and Bago. 

MFIL currently has 7 branches;  four in Yangon, three in Bago and an additional Yangon branch is scheduled to open in May 2017. MFIL has the ambition to become a successful micro, small enterprises MSMEs Bank. 

Microfinance is a sector prioritised by the Myanmar Government to reduce poverty in Myanmar through the provision of financial services to individuals who do not have access to conventional and/or legitimate sources of funding. Through the loans offered by MFIL, the un-banked population is provided with the necessary funding to start or expand their own small business ventures. MFIL, along with other microfinance companies, has facilitated and made possible small businesses such as the cultivation of vegetables and flowers; the production of handicrafts; woodwork furnishings and various plastic products; food sellers; repair services and the establishment of small grocery stores, clothing/textile shops and pharmacy stores. Moreover, MFIL aims to support and empower the women of Myanmar, who make up 80% of MFIL's borrowers. 

Norfund - The Norwegian Investment Fund for Developing Countries

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