AGD Bank Ltd signs 7 Billion MMK finance agreement with BRAC Myanmar Microfinance Company Limited
AGD Bank, one of the leading financial institutions in Myanmar, announces a signing of a Financing Agreement with BRAC Myanmar Microfinance Company Ltd.
The loan agreement between AGD Bank and BRAC Myanmar Microfinance Ltd will support the economic growth of communities across Myanmar. It will support inclusive financial and developmental services for women, people with disabilities as well as marginalized farmers.
U Pyi Soe Htin, Chief Business Officer, AGD Bank Ltd, says “We are delighted to announce the signing of this finance agreement with BRAC Myanmar Microfinance Limited. AGD Bank’s vision is to provide a vital banking infrastructure by making a lasting impact on the future of Myanmar. This shows our commitment to building strong foundations for growth through microfinancing.”
BRAC Myanmar Microfinance is a mission-driven organization, operating since 2014 with a mission- ‘To provide a range of financial services responsibly to people at the bottom of the pyramid. We particularly focus on women living in poverty and hard to reach areas to create self-employment opportunities, build financial resilience, and harness women’s entrepreneurial spirit by empowering them economically’.
BRAC offers tailored products and information technology based local solutions that contribute to the development of rural areas in Myanmar, particularly for women. This agreement with AGD Bank will help develop and grow businesses throughout Myanmar.
BRAC was established in 1972 and is the largest non-government organization (NGO) in the world. It operates in 11 countries across Asia, Africa and have affiliate offices in the USA, UK and Netherlands. BRAC’s donors and investors include Governments of the Netherlands, UK and Australia, as well as the Bill & Melinda Gates Foundation.