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UK aid agency invests $1.1m to build Myanmar’s micro-insurance

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 […]

Philippines Card Mri expands micro financing business into Myanmar

Burmese nationals who are considered “unbanked” will soon get microfinancing services of a Filipino company that recently expanded in Myanmar. Card Myanmar Company Limited (CMCL), a $150,000 expansion of the Center for Agriculture and Rural Development Mutually Reinforcing Institution (Card MRI), got its permanent license to operate as a service company last July. “CMCL is […]