Dutch bank proposes further investment in Myanmar's BRAC

$7.5m from FMO to focus on impact investments in areas hit hard by COVID-19

20200916 myanmar

FMO says BRAC will use the investment to provide more micro- and small loans to underserved women. © Reuters

QUYNH NGUYEN, DealStreetAsia

HANOI -- Dutch development bank FMO has proposed a $7.5 million investment in BRAC Myanmar Microfinance Company Limited (BRAC), a Myanmar-based for-profit institution, according to its disclosure.

The investment follows $2.5 million in funding that BRAC received in 2018 from Massif, the financial inclusion fund that FMO manages on behalf of the Dutch government.

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