2012: Launched operations as Myanmar Finance Co Ltd (“MFCL”) with 1 branch in Yangon region and Bago region each.
2014: Opened 2 more branches in Yangon region and 1 more branch in Bago region.
Myanmar Investments International Limited (“MIL”) signed JV Agreement with MFCL to create Myanmar Finance International Limited (“MFIL”)
2015: Built up a team of over 100 staffs and implemented automated back-office systems (Kredits for loans tracking and SAP for accounting)
Norfund acquired 25% of MFIL in new shares; MIL and MFCL shareholdings diluted down to 37.5% each.