About us…
History and Background
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
Our Shareholders
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Myanmar Finance Co., Ltd, local company founded in 2012 with 4 Myanmar nationals
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Myanmar Investments International Limited, Myanmar-focused investment company founded in 2013 and listed on the London Stock Exchange with offices in Yangon and Singapore
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Nor fund, established by the Norwegian Parliament in 1997, Norwegian government’s main instrument for combatting poverty through private sector development in developing countries
Ethics & Business Principles
- Adhere to the highest standards of transparency, integrity and ethics
- Adopted and comply with
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- Norfund’s Business Integrity Policy
- Norfund’s Exclusion List
- Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) Measures, with reference to Financial Action Task Force standards
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Vision
To be a leading and trustworthy financial institution in Myanmar providing value adding financial services to micro, small and medium size clients
Mission
To operate a commercial microfinance company in Myanmar that
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To provide reliable and inclusive financial services
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To create transparent and innovative environment
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To achieve mutual sustainability in all responsible way
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To improve standard of living of economically active households (and individuals)
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To provide best service to clients and ensure their protection
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To fulfill all responsibilities and obligations to all stakeholders
