Yoma Bank makes $4.4m follow-on financing in BRAC Myanmar Microfinance

Yoma Bank makes $4.4m follow-on financing in BRAC Myanmar Microfinance

Yoma Bank, the financial services arm of First Myanmar Investment Co Ltd, has injected a second tranche of K6.8 billion ($4.4 million) in a follow-on financing round of BRAC Myanmar Microfinance Company Limited to expand its activities in the country, according to an announcement.

BRAC will use the financing to expand its microfinance services for women and low-income families living in the outskirts of cities of Myanmar.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter