Fullerton Finance (Myanmar) Company Limited Equity

completed

This Project proposes to invest up to US$1.2 million in Fullerton Finance (Myanmar) Company Limited (“FFMCL” or “The Company”).FFMCL is a greenfield microfinance institution incorporated in Myanmar in 2013. It was set up by Sittoung Investments Pte. Ltd., a wholly owned subsidiary of Fullerton Financial Holdings Pte. Ltd. (“FFH”) organized under the laws of Singapore. In May 2014, it obtained its license to operate a microfinance loan and deposit taking business, and disbursed its first loans in November 2014.FFMCL plans to start up a 12-branch operation within 2 years and will expand extensively its network throughout the country for the next 8 years, operating across several provinces with additional new branches. FFMCL plans to create an estimated 1,600 new jobs and reach out to at least 331,000 customers.Through the project, together with the advisory services, IFC’s investment aims to support FFMCL to expand into the untapped market and reach underserved clients, strengthen its risk management strategy and become sustainable microfinance institution.