Transformation planning for Proximity Finance, Myanmar

• Oct 30, 2018
• 1 min

Under this assignment, MSC developed a plan to help Proximity Finance, Myanmar transform into a financial institution that provides a comprehensive range of financial services. After transforming, Proximity Finance managed to achieve an outstanding gross loan portfolio of USD 15 million.

MSC helped transform Proximity Finance’s microfinance program from a credit-focused project to an institution that provides a comprehensive range of financial services, including savings and deposit products.

MSC was responsible for developing the transformation plan for the client, which included legal and institutional transformation. Proximity Finance currently reaches over 78,000 active borrowers with an outstanding gross loan portfolio of USD 15 million and PAR>30 at 0.34%.