Microfinance in Myanmar: A Silver Bullet to Stamp out Poverty?

  The passing of the Microfinance Law in 2011 led to a rapid influx of Microfinance Institutions (MFIs) in Myanmar. As of December 2015 there were over 256 MFIs operating in Myanmar, all competing to crack the estimated 33 million unbanked residing here. It is believed informal money lenders charging extortionate interest rates will become […]

Inside Burma’s pawn shop culture: ‘We wouldn’t accept filthy kitchen utensils, or used underwear’

In an unlicensed pawnshop in Kungyangon, southern Burma, a carrier bag full of empty cassette tape cases sits coated in a thick layer of dust on a top shelf. The cases still have their sleeves, featuring cheesy mug shots of Burmese pop stars from days gone by. These obsolete little artefacts are not forgotten junk, […]