Country
Myanmar
Local project partner
Myanmar Apex Bank
German project partner
IPC
Donor
Kreditanstalt für Wiederaufbau (KfW)
Duration
01.07.2018 - 31.10.2021
Myanmar has opened in recent years and has embarked on a strong growth path. One of the prevailing obstacles to balanced economic development is the lack of access to financial services for small and medium-sized enterprises. The country’s highly regulated banking sector currently suffers from very restrictive regulation regarding the granting of loans to small and medium-sized enterprises (SMEs).
The aim of the project is to establish a credit department for SMEs within Myanmar Apex Bank, which will make the efficient extension of loans to SMEs feasible.
KfW's SME Lending Programme II (SELP II) in Myanmar aims to provide both financial and technical assistance to selected banks in Myanmar. The banking sector is to be supported in providing sustainable and demand-oriented loans to SMEs. Here, German Sparkassenstiftung is providing support primarily in the areas of training and capacity building.
The continuation of the project depends on the development of the political situation and the safety situation in the country.
Project Tasks
- Implementation of an SME credit department in Myanmar Apex Bank.
- Support in the strategic orientation towards SMEs.
- Development and introduction of efficient processes and demand-oriented products.
- Coaching and training for executives and employees of the newly established SME credit department.
- Integration of the SME credit department into the overall processes of the partner bank.
- Expansion of the SME lending business to other regions.
