Daiwa to offer microloans to low-income earners in Myanmar

Japanese brokerage expands operations in emerging economy

20191114 MYANMAR-DAILYLIFE/

Algae is collected at a lake in Myanmar for use as fertilizer. Daiwa Securities will enter the business of microlendiing in the country to low-income people. © Reuters

TAIZO WADA, Nikkei staff writer

TOKYO -- Daiwa Securities Group will launch microfinance services in Myanmar through a joint venture, diversifying its portfolio there to tap the growing economy.

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