ACLEDA MFI Myanmar Co., Ltd.

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ACLEDA MFI Profile

Head Office of ACLEDA MFI Myanmar

In December 2011, the Government of Myanmar approved a new law on Microfinance which legalized the provision of microfinance and allowed foreign investors to establish Microfinance Institutions in Myanmar. This new Law is seen as part of the transformation process from an isolated military regime to a democracy that adopts the principles of an open market economy.

As expansion in the region is part of the long term plan of ACLEDA MFI Myanmar Co., Ltd., ACLEDA MFI Myanmar's Management undertook action to study the opportunities and challenges of expanding its microfinance operations in Myanmar. With support of the ACLEDA Training Centre an investment delegation was organized early February 2012 with representatives of ACLEDA MFI Myanmar Co., Ltd., KfW, FMO, Triodos Bank, Lanka Orix, Bridge, Dragon Capital and BRAC. The delegation met with representatives from the Central MFI, with representatives from key Government ministries, and with all main players in microfinance in Myanmar. Based on the findings of this mission this feasibility study was prepared and approved by ACLEDA MFI Myanmar's management at the end of February 2012.

ACLEDA MFI Myanmar Co., Ltd. is a company limited given the certificate of incorporation with Company Registration No.143715094 by Directorate of Investment and Company Administration of Myanmar on September 06, 2012 with the initial paid up capital 8 billion Kyats equivalent to USD 10 million, and on September 30, 2019 ACLEDA MFI Myanmar Co., Ltd. has injected capital in an amount MMK 6,100,000,000 (Six billion and One Hundred million Kyats) equivalent to USD 4 million, resulting in an increase in its registered capital from MMK 8,000,000,000 (Eight billion Kyats) to MMK 14,100,000,000 (Fourteen billion and One Hundred million Kyats).

On December 13, 2019 ACLEDA MFI Myanmar Co., Ltd. has injected capital by additional in an mount MMK 6,040,000,000 (Six billion Forty million Kyats) equivalent to USD 4 million, so total paid up registered capital from MMK 14,100,000,000 (Fourteen billion and One Hundred million Kyats) to MMK 20,140,000,000 (Twenty billion and One Hundred Forty million Kyats) equivalent to USD 18 million. ACLEDA MFI Myanmar Co., Ltd. granted the Microfinance Business License as Deposit-taking Institution on February 08, 2013 and we have received the approvals to operate in 45 townships in Yangon, 28 Townships in Bago Region, 03 Townships in Mon State and 25 townships in Magway Region.

ACLEDA MFI Myanmar Co., Ltd. is the overseas subsidiary of with shares 99.99% holding by ACLEDA Bank Plc. as the parent company and other one is ACLEDA Institute of Business Co., Ltd.

Call Center

For comments or any inquiry purpose (every working day from 07:30 to 16:30)

phone(+95) 9401563473
emailacleda@acledamfi.com.mm
www.facebook.com/acledamfi

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