Project detail - MAHA AGRICULTURE PUBLIC CO, LTD

MAHA AGRICULTURE PUBLIC CO, LTD

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Who is our client

Maha Agriculture Microfinance is a young microfinance institution, focused on agriculture in rural Myanmar. MAHA was registered in 2013, starting operations in 2014 and is growing substantially now serving 8,245 customers through 33 branches in 8 provinces.

Funding objective

To increase access to improved and appropriate finance to Myanmar’s farmers through the implementation of a solution developed by AgFintech Harvesting. The project will scale Maha’s farmer lending operations, through implementation of a digital field application, building credit risk scores using alternative datasets, including geodata, provision of loan approval and monitoring dashboard.

Why we fund this project

The project is of high strategic relevance given its link with the key Massif strategic points or rural livelihoods, smallholder farmer finance, innovation targeted at financially excluded people.

More investments

Date Total FMO financing
7/27/2020 USD 3.00 MLN
1/31/2019 USD 3.00 MLN
Region
Asia
Country
Myanmar
Sector
Financial Institutions
Signing date
10/8/2018
Total FMO financing
EUR 0.08 MLN
Fund
MASSIF
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
C