• 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.
Bank Risk Rating
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.
Microfinance Myanmar (AMM)
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
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.
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.
Other Related Projects
Primary Source

Original disclosure @ FMO website

Updated in EWS Sep 16, 2019

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Project Description

FMO's local currency loan will be used by AMM to further expand its lending operations to microfinance clients in urban and rural areas of Myanmar, who currently have limited or no access to capital.

The project is envisaged to have high impact which derives from providing LT capital to a well-established microfinance institution in Myanmar, a country which has been isolated for more than 50 years and where more than 80 percent of the population has no access to financial services.

Investment Description
  • Netherlands Development Finance Company (FMO)

Microfinance Myanmar (AMM) is the newest subsidiary of ACLEDA Bank PLc. Cambodia (ABC), a well-reputed client and long-lasting relationship of FMO. AMM started operations in February 2013. With support from its shareholders- ABC (55%), IFC (15%), KFW (15%) and COFIBRED (15%), it has become a top 5 microfinance institution in Myanmar. AMM has built a loan portfolio of USD 13.5 million, a balance sheet of USD 14.7 million and it serves 44,516 clients. AMM provides mainly microfinance loans up to USD 5000.

Contact Information


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: