Norfund

Yoma Bank Limited is a leading domestic bank based in Yangon, Myanmar, established in 1993. The bank offers a range of banking products and services aimed at meeting the needs of its customers. It has made substantial investments in key areas such as technology, people, and corporate governance to enhance its operational capabilities. Recently, Yoma Bank has focused on upgrading its credit risk management and finance functions, improving treasury operations, and developing new banking products. Additionally, the bank has implemented a new core banking system to streamline its processes and better serve its clientele.

Yoma Micro Power is a company that focuses on building, owning, and operating small-scale power plants and mini-grids in off-grid regions of Myanmar. Its primary objective is to generate and distribute electricity to underserved rural communities and telecommunication towers, facilitating access to reliable power. The company utilizes a combination of photovoltaic solar modules, diesel generators, and energy storage solutions to power its projects. Through its mini-grids, Yoma Micro Power connects surrounding households, thereby enhancing the quality of life in these areas by providing essential electricity services.

Electricity infrastructure development is a priority for Myanmar to drive economic growth. According to the World Bank only 16 percent of rural households in Myanmar are connected to the power grid1. The demand for power far exceeds the available production capacity, resulting in regular blackouts. The limited production and distribution of power severely hamper economic development and the powering of telecommunications towers.

Myanmar Finance International Ltd. (MFIL) was established on September 1, 2014, through a partnership between Myanmar Finance Company Limited, a local entity, and Myanmar Investments Limited, a Singaporean firm. Based in Yangon, MFIL operates as a microfinance institution, offering financial services to small businesses and entrepreneurs. The company specializes in providing microfinance solutions that enable clients to develop and expand their enterprises without the need for physical collateral. Additionally, MFIL provides deposit-taking services, allowing clients to securely save their funds while accessing essential financial support to grow their operations.