THITSAR OOYIN COMPANY LIMITED
Status: Approved 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
Thitsar Ooyin Company Limited is a microfinance institution created by GRET in 2018. GRET is an international development NGO based in France. The creation of Thitsar Ooyin was done with a view of taking over the microfinance activities that GRET has been implementing in Myanmar for more than twenty years.
What is our funding objective?
To co-fund the services of GRET to support Thitsar Ooyin’s to: - Improve the overall governance of the organization; - support the implementation of new departments in the organization (i.e. Finance, HR, Audit and Risk); and - Operational, Audit, Finance and HR manuals in place.
Why do we fund this investment?
FMO is co-funding this through its Capacity Development Program because this project will provide quality financial services and strengthen the management capacities of low-income farmers. This will help entrepreneurs to increase their income. This particular project will help improve the livelihood of rural populations of Myanmar by providing financial services to vulnerable households and small entrepreneurs, enabling them to widen its market reach through new customer acquisition.
More investments
| Date | Total FMO financing |
|---|---|
| 9/20/2022 | USD 1.00 MLN |
- Region
- Asia
- Country
- Myanmar
- Sector
- Financial Institutions
- Effective date
- 7/21/2020
- 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