Daiwa PI Partners kicks off microfinance JV in Myanmar

Daiwa PI Partners kicks off microfinance JV in Myanmar

A farmer with his son in his field in Myanmar. Photo: Sasint/Pixabay

Daiwa PI Partners, a subsidiary of Japan’s Daiwa Securities Group, on Friday launched its microfinance business in Myanmar through a joint venture with electronics retailer OK Myanmar Limited (OKM).

The joint venture, DO Microfinance, obtained the licence for its Myanmar operations in July 2019 and provides loans to low-income people and SMEs in the country.

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