AGD Bank Ltd signs Finance Agreement with Microfinance Delta International Co., Ltd
AGD Bank Ltd, one of the leading financial institutions in Myanmar, announces the signing of a second financing agreement with Microfinance Delta International Co., Ltd (MIFIDA). This is a new structured loan signed between AGD Bank and a Microfinance Institution; moreover, the facility will be catered for Microfinance Institutions in Myanmar.
The signing ceremony was held at AGD Bank Headquarters on 24th November 2020 in Myanmar in the presence of Julien Mathier, Team Head of Corporate International Sales of AGD Bank Ltd., on behalf of U Pyi Soe Htin, CBO, and U Myint Swe, Managing Director of Microfinance Delta International Co., Ltd.
The loan agreement between AGD Bank and MIFIDA will support the economic growth of communities across Myanmar by helping to develop new market segments and areas throughout the country.
U Pyi Soe Htin, Chief Business Officer, AGD Bank Ltd. says “We are delighted to announce the signing of this finance agreement with MIFIDA. AGD Bank’s vision is to support growth across the country and leave a lasting impact on the people of Myanmar. This new financing agreement will offer strong foundations for those without access to traditional financing options.”
MIFIDA is committed to expanding the delivery of high-quality financial services across Myanmar. It aims to provide individuals with a low income the opportunity to achieve a life free from poverty, through supporting and promoting self-reliance and offering micro financing opportunities.
SHARE THIS