TRANSFORMING COMMUNITIES IN MYANMAR
MYANMAR IS ASIA’S SECOND POOREST ECONOMY. BUT IT’S CURRENTLY EMERGING FROM A LONG PERIOD OF ISOLATION. ITS PEOPLE ARE RICH IN DIVERSITY, TALENT AND AMBITION AND WE ARE WORKING CLOSELY WITH THEM TO HELP UNLOCK POTENTIAL; TRANSFORMING COMMUNITIES INTO MICRO-ECONOMIES.
We have been offering microfinance and other financial services to poor people in Myanmar since 1998. Through our work, we help small business owners create or develop small businesses with affordable credit. Owning a small business provides financial security to a family. It enables them to increase their household income and to improve their quality of life. The children of our borrowers enjoy better health, nutrition and education.
We have 13 service centres in key rural areas. We also work in two of the country’s primary economic hubs; Yangon and Mandalay. To date, we have disbursed over 140,000 loans amounting to nearly US$18 million. This means that 50,000 households and 137,000 children have benefited from our work; and communities have been transformed. US$2 million of client funds have been used for local projects including constructing schools, building roads and supporting healthcare.