BRAC MYANMAR MICROFINANCE CO. LTD
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
BRAC Myanmar Microfinance Company Limited (herein "BRAC") is a for-profit institution in Myanmar, active since 2014. BRAC is a 100% subsidiary of BRAC international holdings BV (est. 2010), active in more than 11 countries through different subsidiaries. The activities of BRAC are providing micro and small scale loans, based on the solidarity group model. BRAC has a strong focus on supporting women only, serving more than 57k clients with a loan portfolio of USD 10.6mln as of May 2018.
What is our funding objective?
FMO will provide USD 2.5mln to BRAC. BRAC will use this fund to provide micro and small scale loans to underserved women in peri-urban areas of Myanmar.
Why do we fund this investment?
This loan is highly inclusive and supports FMOs strategy because the funds will go to financially underserved women in the peri-urban areas in Myanmar, a low-income, fragile state.
What is the Environmental and Social categorization rationale?
BRAC is an E&S C category client, given that 100% of its loan portfolio is used to finance micro and small businesses. E&S risks are limited and therefore no ESAP is applicable. BRAC is in compliance with the national law and they adhere to FMO’s Exclusion List.
More investments
| Date | Total FMO financing |
|---|---|
| 1/28/2021 | USD 7.50 MLN |
- Website customer/investment
- http://www.brac.net
- Region
- Asia
- Country
- Myanmar
- Sector
- Financial Institutions
- Effective date
- 7/24/2018
- End date
- 9/10/2021
- Total FMO financing
- USD 2.50 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C