The UN Capital Development Fund (UNCDF) in Myanmar commenced its Market Development Facility (MDF) with its first loan to Pyae Mahar Services Ltd. – a Myanmar-owned (MFI) microfinance company. The three-year loan, totalling 300 million Myanmar Kyats, will be used by Pyae Mahar to increase its loan portfolio for greater lending capacity to its Ayeyarwady-based clients.
The grant agreement between the UN Capital Development Fund (UNCDF) and Digital Money Myanmar (Wave Money) was signed on the 9th of January 2017, in the presence of representatives from the United Nations Development Programme (UNDP) and the Australian Department of Foreign Affairs and Trade (DFAT).
A farming household managed by an older woman is typical of farming households who depend for a large part of their income on the sale of crops grown on their own land: incomes and expenditures are ‘lumpy’ compared to those of non-farming families, or of farming families who mostly labor on other people’s land.
Ms. ME makes snacks to sell to schoolchildren. She is 30 years old, a primary school graduate, and has her own mobile phone. When the Diaries study started, she lived with her parents but then her mother passed away and her father went back to their home village. Ms. ME’s brother and his wife, and an aunt, also lived with her and, while her mother was alive, shared the same cooking pot. After her mother’s passing the household divided: Ms. ME and her brother and aunt still eat from the same pot, but the sister-in-law keeps some of her business income separate.
Over 69 percent1 of the 54 million2 people in Myanmar have no access to grid electricity. Where modern energy services are unavailable, people resort to expensive and unsustainable systems exacerbating energy insecurity and leave communities more vulnerable to the effects of poverty.
Booklet for the conference "Uplifting Borders: Taking The GMS To The Last Mile" in Bangkok, Thailand.
The Delegation of the European Union to Thailand in collaboration with the Office of National Economic and Social Development Board (NESDB), the United Nation Capital Development Fund (UNCDF), and UNESCAP’s Trade and Investment Division held a conference on Uplifting Borders: Taking the GMS to the “Last Mile” with more than 100 participants at Conrad Bangkok Hotel.
This blog series stimulates a broader discussion on gendered financial inclusion in ASEAN. We examine why women’s access to financial services does not necessarily equate gendered usage. We further explore whether the value that women derive from financial services is impacted by the provider they access them from.