Institutional transformation support for Proximity Finance, Myanmar
Jul 30, 2025
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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