Feb 14, 2014

Acleda - the most successful private microfinance institution in Myanmar

Acleda’s Microfinance Myanmar (AMM) started with a paid-up capital of $10 million. By the end of 2013, there were six branches with total loans outstanding of $2.6 million. The bank has offices in Yangon and Bago, though the operations are limited to microfinance, as Acleda has not yet opened a commercial bank branch in the country.

By the end of 2014, Acleda will have 18 AMM branches in Myanmar, with $11 million in outstanding loans,according to its CEO In Channy.

Source: http://www.syminvest.com

 
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