PROJECT

Projects

Summary of Investment Information

Project Number

40355

Company Name

KEB HANA MICROFINANCE LIMITED

Date SPI Disclosed

May 7, 2018

Country

Myanmar

Region

East Asia and the Pacific

Projected Board Date

Jun 15, 2018

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Dec 1, 2021

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Jun 20, 2018
Signed : Jul 13, 2018
Invested : Oct 31, 2018

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The proposed project consists of (i) an equity investment of up to US$3 million in KEB Hana Microfinance Ltd. (“KHMF”, or the “Company”), a deposit taking microfinance company in Myanmar, and (ii) a MMK denominated senior loan of up to US$10 million equivalent for a tenor of up to 5 years to KHMF for on-lending to micro enterprises in Myanmar. Through the investment, IFC will support KHMF’s growth of its micro and very small enterprise (“VSE”) loan portfolio, which increases financial inclusion and reduces poverty in Myanmar. The Company focuses on extending small loans to support the financing needs of the lower-income population, especially women, across Myanmar.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation