Pact Global Microfinance Fund

Debt : May 2020

Pact Global Microfinance Fund is a rural MFI offering products and services to MSMEs in Myanmar

Amount

€ 10,480,320.00

Type of investment

Debt

Development impacts

Local economic growth
Financial inclusion
Food security & rural development
Promotion of ESG best practices
Gender

Beneficiary locations

Asia: Myanmar

Investment field

Financial Institutions

Activity

Microfinance Institution

Organisation

Pact Global Microfinance Fund

Website

https://www.pactworld.org/country/pact-global-microfinance-fund

Domicile

Myanmar

Pact Global Microfinance Fund (PGMF) is a rural MFI that designs and delivers a suite of affordable products and services to MSMEs. It is the leading MFI in Myanmar. It has 1mn active clients and a 32% market share.

PGMF is active since 1997. It has a portfolio of USD 273m and USD 74mn of deposits. It is fully owned by Pact Inc., a large US NGO active in nearly 40 countries.

Development impacts

Local economic growth
Full dedication to promote entrepreneurship, from the bottom of the pyramid up to micro and very small companies. BIO's investment will support the growth of credit provision to micro-entrepreneurs and micro-enterprises.
Financial inclusion
Food security & rural development
PGMF is the biggest real rural player with a country market share of 30%
Promotion of ESG best practices
First and one of the only two SMART Campaign certified players in Myanmar.

NGO has been created for social purpose more than 20 years ago.
Gender
98% of clients are women

Read impact and news about this project

Impact Story

I bought myself a sewing machine

17-09-2020

BIO has given a USD 12 M loan to Pact Global Microfinance Fund, a Myanmarese MFI with a specific focus on female entrepreneurs. Daw San San Win and Daw Ky Htay are clients of PGMF. This is their story.