Tag: Finnfund

Finnfund continues to support Myanmar SMEs

Finnish Fund for Industrial Cooperation (Finnfund) makes a 5.5 million USD senior loan investment in Early Dawn Microfinance Co. Ltd. (DAWN), the 3rd largest microfinance company in Myanmar in terms of client outreach. The financing will support DAWN’s expansion in underserved townships and peri-urban areas. DAWN is working to improve financial inclusion by offering group…

Finnfund invests in Proximity Finance to help reach more smallholder farmers in Myanmar

Proximity Finance, Myanmar’s first farmer-focused finance institution, signs a 14 million US dollar equity package with Finnfund, Nordic Microfinance Initiative (NMI) and Proparco. Proximity Finance was launched in 2010 as the microfinance arm of Proximity Designs, one of the largest agricultural services platforms in Myanmar, that provides farm technology, agronomy advice and financial services to…