Signature projects

Institutional transformation support for Proximity Finance, Myanmar

  • calendarJul 30, 2025
  • time 1 min

MSC supported Proximity Designs to transform Proximity Finance (PF), its microfinance program, into an independent, full-service financial institution. MSC guided PF through a comprehensive legal and institutional transformation and enabled its evolution from a credit-focused program into a regulated entity offering a broader suite of financial services, which includes savings and deposit products.

MSC led the development of a detailed transformation roadmap, which covered legal, institutional, and strategic dimensions. Our team conducted a regulatory review and provided expert guidance on key elements of the transformation process, including:

  • The legal transformation (legal constitution and institutional form, ownership and shareholding structure, corporate governance, organizational structure, institutional development, and transformation) 
  • The strategic plan, which included the mission, vision, and competitive strategy 
  • Products and services
  • Commercial or marketing strategy
  • HR management 
  • Processes and systems
  • Internal audit 
  • Risk management 
  • Accounting and financial management 
  • IT and MIS
  • Funding strategy

IFC commissioned the project.

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