DAWN MYANMAR MICROFINANCE PTE LTD
Status: Approved 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
Early Dawn started as a microfinance program taking over assets, liabilities and staff of the Save the Children micro finance project in Myanmar. It employs the traditional Grameen model group financing to provide microloans to the population of Myanmar. Early Dawn was set up by FMO, Accion and Triodos micro finance funds. With this transaction Early Dawn has become a licensed, well capitalized microfinance institution ready to expand operations.
What is our funding objective?
These funds were used to acquire the assets from Save the Children. Further funds have and will be used to further grow the loan portfolio. The entire loan portfolio is focused on providing financing to the financially underserved, urban and rural women of a low income country. With these loans, economic activity will be enhanced in rural areas.
Why do we fund this investment?
This direct equity transaction is very much in need, as financing in Myanmar is still limited. Furthermore, commercial parties active in Myanmar are scarce due to political and regulatory risks. Early Dawn reaches out to the under privileged, thus this transaction is highly inclusive. Being one of the top five microfinance institutions in the country, it may serve as an example in an upcoming and developing sector in Myanmar.
- Region
- Asia
- Country
- Myanmar
- Sector
- Financial Institutions
- Effective date
- 10/7/2014
- Total FMO financing
- USD 5.88 MLN
- Funding
- MASSIF
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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