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Economy

Snapshots of Myanmar's flourishing microfinance market

Low-income female entrepreneurs are using small loans to build a better future

An employee counts a roughly 60 million kyat pile of bank notes at a branch of Socio Lite Foundation, a microfinance institution, on the outskirts of Yangon. About half of the money will be loaned to customers that day. (Photo by Ken Kobayashi)

YANGON -- Ever since Myanmar began transitioning to civilian rule in 2011 and opening up its borders, investor money and advanced technology has been flooding in. One of the big changes accompanying this wave has been the spread of microfinance, or loan services designed to help low-income families start businesses.

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