New Partnership Aims To Lift Women Microentrepreneurs In Myanmar Out Of Poverty
Thursday, June 1, 2017
From the United Nations to EY, experts have touted the power of microfinance in extending financial inclusion to women in developing countries. A new partnership between the U.S.’ Overseas Private Investment Corporation (OPIC) and Early Dawn Microfinance (DAWN) aims to bring that access to low-income women entrepreneurs in Myanmar.
OPIC and DAWN announced in early May that the former had agreed to provide a $5 million loan to support DAWN’s activities in the country. An outgrowth of Save the Children’s Myanmar operation, DAWN has been operating independently of the NGO for the past two years, with strong support from Accion and other stakeholders. When DAWN launched in 2015, it had 27,000 clients carried over from Save the Children. Two years later, it serves 80,000 women and has its eye on rapid expansion.