Yoma Bank is to provide a loan of MMK 2.2 billion to Mahar Bawga Finance. The loan will allow the company to scale up and will be able to take on additional 5,000 customers. “This partnership highlights our ongoing commitment as Myanmar’s largest provider of liquidity to MFIs [Microfinance Institutions] and NBFIs [Non-Bank Financial Institutions],” Hal Bosher, Yoma Bank CEO, was quoted as saying. According to an article in Dealstreet Asia, Yoma has so far financed 10 Myanmar microfinance institutions with up to MMK 75.7 billion. Mahar Bawga, which began its operations in 2014, says it offers financial solutions for more than 14,000 clients in Yangon. Today, the total lending is worth MMK 4.59 billion.
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