Early Dawn Microfinance Company Ltd. (DFC-2017-EARLYDAWNMICR)

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
C
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
Early Dawn Microfinance Company Ltd. (“DAWN”)
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)
$ 13.54 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 16, 2020


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Project Description

According to the bank document, "OPIC will lend $5 million to DAWN, a microfinance institution established by Accion, Triodos and FMO in September 2014. Clients of DAWN are mostly self-employed market vendors and smaller manufacturers, all of which are female. With an average disbursed loan size of around $200 (which is expected to gradually increase), the OPIC loan is expected to reach around 20,000 borrowers once fully disbursed, and several multiples of that over the three-year life of the loan".

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

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