BOPA Invest additional equity in Alliance for Microfinance in Myanmar (Alliance) to o

BOPA (Base of Pyramid Asia) has concluded additional equity investment into Alliance for Microfinance in Myanmar (Alliance), bringing its shareholding to 49%.

Alliance, which was founded by FIDES of Switzerland and BASIX of India with support of UN Capital Development Fund, is a deposit taking MFI, which started operations in 2014 in Myanmar, Mandalay Division. AMFIM as of 31 October 2015 has 6,500 active clients and planning to grow into a 50,000 client base by 2017. Download the full press release here.