MAHA AGRICULTURE PUBLIC CO, LTD
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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
Maha Agriculture Microfinance is a young microfinance institution, focused on agriculture in rural Myanmar. MAHA was registered in 2013, starting operations in 2014 and is growing substantially now serving 8,245 customers through 33 branches in 8 provinces.
What is our funding objective?
To increase access to improved and appropriate finance to Myanmar’s farmers through the implementation of a solution developed by AgFintech Harvesting. The project will scale Maha’s farmer lending operations, through implementation of a digital field application, building credit risk scores using alternative datasets, including geodata, provision of loan approval and monitoring dashboard.
Why do we fund this investment?
The project is of high strategic relevance given its link with the key Massif strategic points or rural livelihoods, smallholder farmer finance, innovation targeted at financially excluded people.
More investments
| Date | Total FMO financing |
|---|---|
| 7/27/2020 | USD 3.00 MLN |
| 1/31/2019 | USD 3.00 MLN |
- Region
- Asia
- Country
- Myanmar
- Sector
- Financial Institutions
- Effective date
- 10/8/2018
- End date
- 1/23/2020
- Total FMO financing
- EUR 0.08 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