Myanmar Apex Bank (MAB) has allocated K57 billion to support selected microfinance companies that lend to small businesses, the bank announced on Wednesday. MAB is now supporting Fullerton Finance Myanmar, Proximity Finance Microfinance, Vision Fund Myanmar, Early Dawn Microfinance, and Pact Global Finance Microfinance Fund. “Microfinance companies play an important role in supporting small businesses […]
UK aid agency invests $1.1m to build Myanmar’s micro-insurance
October 29, 2018 by Thiha
The UK Department for International Development (DFID) and a Swiss insurance technology firm are set to invest US$1.1 million (K1.7 billion) in Myanmar’s micro-insurance market. The aim is to reach 600,000 people in a bid to expand and develop the country’s insurance and risk-transfer market. Stonestep AG, a Swiss micro-insurance technical services company, and the […]
Filed Under: Latest News Tagged With: DaNa Facility, DFID, economic, institutions, insurance, low income, MFIs, micro insurance, microfinance, natural disaster, risk-transfer, Social Welfare Fund, Stonestep AG, SWF, Swiss insurance, Technology, UK, Vision Fund Myanmar
