According to bank documents, the project entails a senior loan facility of up to US$21 million, to provide three years local currency denominated senior loans to four to six interested microfinance institutions (MFIs) in Myanmar, to support them to obtain the scarce and much needed commercial debt financing, to reach more underserved micro, small and medium sized enterprises, and to contribute to job creation and inclusive development in the country.
The specific MFIs to be supported by the Project are to be finalized in later stage and investment information for each candidate MFI is to be disclosed separately.
The total project cost is estimated at approx. US$21 million in Kyat equivalent to provide senior loans of up to US$3-6 million in Kyat equivalent to each selected MFI.
Julie Fawn Earne
Senior Operations Officer, IFC
No. 57, Pyay Road,6 ½ miles, Hlaing Township, Yangon
Telephone No.: + 95-1-654-824
E-mail Address: JEarne@ifc.org
Investment Officer, IFC
15th Floor, China World Tower 2,No. 1 Jianwai Ave.,Chaoyang Dist., Beijing 100004
Telephone No.: +86-10-5860-3022
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