ACLEDA MFI MYANMAR CO LTD
Status: Completed investmentWhy disclosure?
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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
Microfinance Myanmar (AMM) is the newest subsidiary of ACLEDA Bank PLc. Cambodia (ABC), a well-reputed client and long-lasting relationship of FMO. AMM started operations in February 2013. With support from its shareholders- ABC (55%), IFC (15%), KFW (15%) and COFIBRED (15%), it has become a top 5 microfinance institution in Myanmar. AMM has built a loan portfolio of USD 13.5 million, a balance sheet of USD 14.7 million and it serves 44,516 clients. AMM provides mainly microfinance loans up to USD 5000.
What is our funding objective?
FMO's local currency loan will be used by AMM to further expand its lending operations to microfinance clients in urban and rural areas of Myanmar, who currently have limited or no access to capital.
Why do we fund this investment?
The project is envisaged to have high impact which derives from providing LT capital to a well-established microfinance institution in Myanmar, a country which has been isolated for more than 50 years and where more than 80 percent of the population has no access to financial services.
More investments
| Date | Total FMO financing |
|---|---|
| 1/27/2022 | USD 5.00 MLN |
- Region
- Asia
- Country
- Myanmar
- Sector
- Financial Institutions
- Effective date
- 2/3/2017
- End date
- 4/9/2020
- Total FMO financing
- USD 3.00 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