Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.
$1,393,447.00 (Project budget includes all project-funded activities)
Last Updated Date
May 4, 2024
Project Estimated End Date
Jun 30, 2018
Project Description
The Maha project is intended to create demonstration effect for innovative and non-traditional banking models that expand access to financial services in a cost effective and sustainable manner in Myanmar. The project will focus on three components: (1) Institutional Capacity Building, (2) Product Development, and (3) Channel Development.
Development Results
The objective of this project is to scale Maha's innovative rural finance business, building on and operationalizing the strategic business plan, which was developed with IFC's support and guidance.
Indicator
Results
Cumulative
Number of entities that implemented recommended changes
0
0
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
0
0
Value of financing facilitated (US$)
0
0
Number of people receiving access to improved services (real/non-financial sectors)
0
0
Number of new financial products launched
0
0
Number of new financial products designed
0
0
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
0
0
Number of entities receiving in-depth advisory services
0
0
Number of micro loans outstanding
0
0
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards. The principles of the relevant Performance Standards have been applied to the project design. Environmental and social risks will continue to be reviewed throughout the life-cycle of the project.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards and will provide recommendations for appropriate mitigation measures whenever warranted.
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.
The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.