Microfinance gains momentum as knowledge and education improves

Ko Bik, marketing manager at Alliance Microfinance, is seeing a pickup in demand for loans provided by microfinance institutions. “Education levels have improved and more borrowers are aware of this option compared to before,” he told The Myanmar Times. The way he sees it, microfinance institutions are playing a larger role in the Myanmar economy […]

Regulatory roadmap needed for banking sector reform

Myanmar needs to establish a regulatory roadmap for the banking sector. This will give the local banks more clarity on the progress and timing of upcoming regulations, allowing them to gear up for further reform and growth. “Carrying out regulatory reform at an unmeasured pace can cause trouble,” said Azeem Azimuddin, CFO of Ayeyarwady Bank, […]

The Long Game: How Developing Countries Can Get Microfinance Right

In developing economies such as Myanmar, microfinance is often viewed as a means for lifting people out of poverty. As of 2015, small and medium enterprises (SMEs) comprised 99% of the country’s businesses, and many of those are micro-businesses. Microfinance is often cited as an essential tool in helping women in particular rise from poverty. The theory goes […]

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 […]