BRAC Myanmar (DFC-2017-BRACMYANMAR)

Countries
  • Myanmar
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
BRAC Africa Microfinance Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 6.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 15, 2020


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Project Description

According to the bank document, "OPIC will lend $5 million to BRAC Myanmar in order to expand its portfolio of micro-loans serving mainly female clients in urban and rural areas. With an average loan size of about $200, the OPIC loan is expected to fund an additional 25,000 loans once fully disbursed and several multiples of this over the proposed five-year tenor".

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

*There is no information being disclosed at this stage of the project*