Tag: Microfinance

Thailand-listed company set to acquire Myanmar microfinance business

The Bangkok Post reported this week that Thitikorn, listed on the Stock Exchange of Thailand as TK, is set to finalise the acquisition of a microfinance business in Myanmar next quarter, Myanmar Finance International Ltd (MFIL). TK, a leading motorcy

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Proximity Finance signs loan agreement with Yoma Bank

Yangon-based Proximity Finance has signed a USD 3.28 million back-to-back funding agreement with Yoma Bank to support micro-lending for smallholder farmers, according to an article in Dealstreet Asia. “This back-to-back structure of funding will al

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Mahar Bawga raises loan from AGD Bank

Yangon-based financial institution Mahar Bawga Finance Company (MBF) has announced that it has received a MMK 1.4 billion (USD 916,000) loan from AGD Bank. According to an article in Dealstreet Asia, MBF said that the funds will be used to open new b

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Hayman Capital raises USD 2 million debt investment

Hayman Capital, a Yangon-based microfinance company, has finalised a USD 2 million debt investment from Swiss investor Symbiotics SA. According to an article in Dealstreet Asia, the funds will be used to support the company’s operations in the

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Yoma Bank to support microfinance firm

Local lender Yoma Bank is to extend a US$ 11.5 million (K15.8 billion) loan to support the operations of Pact Global Microfinance Fund (PGMF) in Myanmar, according to an international report. Mr Fahmid Bhuiya, president and chief operating officer o

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