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$1,250,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Jun 12, 2021
Project Estimated End Date
Dec 31, 2016
Project Description
The project, which is supported by a grant of $1 million provided by IFC's Performance Based Grant Initiative, will assist ACLEDA MFI Myanmar Co. Ltd. in the following areas: building staff capacity, business expansion, product development and responsible finance.
Development Results
The project aims to develop ACLEDA MFI Myanmar Co. Ltd. into a competitive and financially sustainable microfinance institution. This is expected to improve access to microfinance services for Myanmar's low income households and small business owners and to create a demonstration effect for Myanmar's nascent microfinance sector.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of new financial products designed
Not Available
1
Number of entities receiving in-depth advisory services
Not Available
1
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
Not Available
14
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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