MAHA AGRICULTURE PUBLIC COMPANY LIM (FMO-55077)

Countries
  • Myanmar
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
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.
Voting Date
Jan 31, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Maha Agriculture Microfinance
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)
$ 3.00 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)
$ 3.00 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)
$ 3.00 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 @ FMO website

Updated in EWS Aug 28, 2020

Disclosed by Bank Jan 31, 2019


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Project Description

According to the bank document, "the intended USD 3mln in MMK (Kyat Myanmar) equivalent will support Maha in reaching out to its farmers and small business owners in rural Myanmar. This project is a good fit for MASSIF and FMO. Maha focuses on farmers (the agriculture sector represents 36% of GDP and employs 60% of the population, in rural areas (70% of population lives in rural areas). They provide microfinance in Myanmar".

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

Maha Agriculture Microfinance (Maha) is a licensed microfinance institution (MFI) operating in rural areas of Myanmar. Maha is owned by the Myanmar Awba Group (87%), an agricultural input distributor serving around 3.5 million farming families in Myanmar, and the International Finance Corporation (13%), a member of the World Bank Group. Maha as at May 2019 operates in 30 branches across 8 regions and provides financial services to over 33,000 clients, 90% of whom are farmers. Maha has a strong environmental focus, and is actively building a green portfolio.

Source: https://www.unepfi.org/member/maha-agriculture-microfinance-maha/

 

Contact Information
*There is no information being disclosed at this stage of the project*
 
ACCESS TO INFORMATION 
As part of FMO’s “ex-ante disclosure” (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl
 
ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism