Myanmar

Farmers will have better access to funding under a new Yoma Bank scheme, and can use it to buy much-needed agricultural machinery. The bank announced the launch of its Agribusiness Finance Program (AFP) in Yangon on December 15.

The new program cuts the down payment on a hire purchase agreement from 30 percent to 10pc, and extends the repayment period from one year to three years.

Small and medium-sized enterprises (SMEs) account for 99 percent of all enterprises in Myanmar. This study examines opportunities available for SMEs to obtain funding for sustainable consumption and production (SCP) measures, in particular for green innovations, efficiency improvements, and pollution abatement. The study also identifies current challenges that restrain access to (green) finance for SMEs in Myanmar. 

IFC, a member of the World Bank Group, announced today that it will provide a $7 million convertible loan to Myanmar Oriental Bank Ltd. to help the lender expand financing for small and medium enterprises in urgent need of capital to grow their businesses and create jobs.

The story of Burma’s economic resurgence has attracted investors from all over the world, and most of the attention has been devoted to big businesses and multinationals. But the country also has a strong entrepreneurial spirit that has yet to be properly tapped.Both domestic and international investors feel that in order to bring out the best in the country’s economy, the government needs to create a friendlier environment for small and medium-sized enterprises (SMEs) and local businesses.

Ma Lin Lin is a wife and mother of four from Kyu Wun Village, Myanmar. The former rock miner's daily struggle to make ends meet transformed when she joined the capacity building program, Swan Yi. Now a business owner and entrepreneur, Ma Lin Lin has built a brighter future for her family. Hear her story, as one of the five million women around the world The Coca-Cola Company will empower by 2020 as part of the #5by20 initiative.