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By allocating a loan in local currency to Early Dawn Microfinance Company Ltd. (DAWN), Proparco is supporting a microfinance institution whose clients are almost all women, in a complex environment where there is a low level of financial inclusion.
Client presentation

By allocating a USD 4m loan to Early Dawn Microfinance Company Ltd. (DAWN) in local currency, Proparco is supporting a microfinance institution whose clients are almost all women, in a complex environment where there is a low level of financial inclusion. 

Project description

By allocating a USD 4m loan to Early Dawn Microfinance Company Ltd. (DAWN) in local currency, Proparco is supporting a microfinance institution whose clients are almost all women, in a complex environment where there is a low level of financial inclusion. 

Project impact

On the economic front, the project will support the financial inclusion of vulnerable populations. The MFI currently has over 145,000 clients, 99.97% of them are women and they are mainly microentrepreneurs. We estimate that Proparco’s financing will provide over 66,000 more people with access to good quality microfinance products and services from now until 2021. 

On the social front, the project will contribute to employment and training for local communities. The MFI, which currently has some 500 employees, recruited 220 people in 2018 and is planning to hire about 850 more people by 2021 to support its growth. Women hold 71% of the jobs, a proportion which should remain stable from now until 2021. In addition, the project will support over 66,000 indirect jobs (DAWN’s clients), i.e. a total of over 67,500 jobs supported in Myanmar from now until 2021. In terms of training, the MFI prepares a training plan with its employees every year (budget equivalent to 3% of the payroll). All the staff can benefit from it.

11/06/2020
Date of signature of the project
Sectors
Location
Financing tool
3 604 253 Euros
Amount of funding
USD 4m loan (5,466,800,000 MMK in local currency)
Financing details
Early DAWN Microfinance Company Limited
Client
CES