Helping women in Myanmar help their communities: OPIC featured in Forbes
In Myanmar, where only a small share of adults have access to formal financial services, OPIC recently committed to support microfinance lending to the country’s female microentrepreneurs in a project that will provide critical loans as small as just a few hundred dollars. The project was recently featured in Forbes Asia, which noted that “without a traditional bank account, it’s difficult for people to save, manage financial risks or secure financing.”
“These are people who are the most marginalized in the economy,” explained OPIC managing director Loren Rodwin. “OPIC can play a role here, with our private sector parters, to boost sustainable growth.”
This latest microfinance project in Myanmar, follows OPIC’s first-ever project in the long-isolated country, in 2015, aimed at expanding access to telcommunications.