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Vision and Mission
Our Vision
- To be the Leading and trustworthy Finical institution in Myanmar.
Our Mission
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To Provide reliable and inclusive financial services.
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To create transparent and innovation 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 individual).
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To Provide reliable and inclusive financial services.
History
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2012
Launched operations as Myanmar Finance Co Ltd (“MFCL”), with 1 branch in Yangon and Bago each
Within a month had acquired nearly 700 borrowers with loans outstanding of MMK 15 million.
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2014
Reached 10,000 borrowers with total loans outstanding of MMK 800 million
Opened 2 more branches in Yangon and 1 more branch in Bago – total 5 branches\
Myanmar Investments International Limited (“MIL”) signed JV Agreement with MFCL to create Myanmar Finance International Limited (“MFIL”)
MFIL acquired all operations and business of MFCL
MIL shareholding 55% and MFCL shareholding 45%
With capital base of USD 4.8m, to be paid in tranches
Applied for and awarded a deposit‐taking license.
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2015
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
Capital base expanded slightly to USD 4.95 million