Micro-finance / Macro-challenges
Microfinance institutions (MFIs) play a critical role in Myanmar, providing both rural and urban populations with the credit they need to finance purchases of working capital, agricultural inputs, and other goods and services. The sector experienced rapid growth between 2012 and 2020, with the number of MFI clients reportedly increasing from around 1 million to around 6 million over this period. Alongside fast growth in lending, Myanmar MFIs have contributed significantly to financial inclusion, particularly of women, who comprised 86 percent of MFI clients as of December 2023. This policy note provides a short overview of the recent history of the microfinance sector in Myanmar, tracing its rapid growth over the decade to 2020 and assessing its contribution to economic activity and the livelihoods of otherwise unserved populations. It analyzes the impact of the COVID-19 pandemic and the February 2021 military coup on MFI lending and operations, drawing on up-to-date data from the Financial Regulatory Department (FRD) and synthesizing the findings of recent studies and surveys.
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| Format: | Report biblioteca |
| Language: | English en_US |
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Washington, DC: World Bank
2024-06-07
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| Subjects: | MICROFINANCE, URBAN ACCESSIBILITY, SUSTAINABLE CITIES AND COMMUNITIES, SDG 11, GENDER EQUALITY, SDG 5, |
| Online Access: | http://documents.worldbank.org/curated/en/099052924222038318/P50066312071ff0ef1962b1f83681fbc0d4 https://hdl.handle.net/10986/41674 |
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