Thai leasing company GL is acquiring a 71.9 percent stake in BG Microfinance Myanmar, with plans to expand its lending portfolio from US$1 million to $40 million in 2017.
Burma’s economy is now growing in the wake of drastic political reforms but more than a quarter of the population remains under the poverty line. DVB debate discusses how Burma can break this cycle of poverty.
In May the government granted over 10 million Kyat [USD$10,000] to Kamarmat village-tract in Rangoon as part of a nationwide poverty alleviation scheme. Impoverished households were due to get 30,000[…]