On 1 November, VisionFund Myanmar and the UNCDF are hosting an online discussion about the challenges facing the microfinance industry in Myanmar and how the sector needs to move forward in order to continue serving the population. You can register for the event here.
Earlier this year, you would have enjoyed a collection of content from Myanmar, a place that some have called the ‘Golden Land’ of microfinance.
One story came from Myint Myint, who has a weaving business. Her son Paing shares their journey out of poverty in this video. Another, Cho Cho Hleing created her Bright Baby education centre after noticing there was a gap in her community for children to be taught basic life skills at a young age.
VisionFund Myanmar now serves over 160,000 clients. While VisionFund Myanmar has nearly doubled its size in the past year, the potential for growth, demand for its services and opportunity to lift millions out of poverty is huge. According to UN statistics, 70 per cent of the adult population is financially excluded or informally served. The need in Myanmar is immense, but the potential of its gentle, determined, spiritual people is greater.
But, alongside these opportunities lie many challenges: the financial infrastructure remains weak; there is instability in the macro economy, and capacity of providers is limited.
Join us on Wednesday 1 November to learn from experts Paul Luchtenburg, the Myanmar Country Coordinator for UNCDF and Rommel Caringal, the CEO of VisionFund Myanmar, as they discuss these challenges and how the future of financial inclusion in country might look.
‘What’s Next for Microfinance in Myanmar?’ will be hosted online at 14:00GMT on Wednesday 1 November 2017. You can sign up here.