Alliance was founded in 2014 to contribute to poverty alleviation and economic growth in the country. It has become, among others with the support of UNCDF, a leading MFI in the Mandalay region. The institution will continue to expand across Myanmar and serve micro-entrepreneurs with quality services and a sustainable business model.
Alliance is a double bottom-line institution with a focus on social performance management. They responsibly offer a wide range of client-oriented financial services and financial education to unbanked entrepreneurs, particularly to women, to strengthen their businesses and family welfare. The MFI proposes different types of loans adapted to the client needs: joint liability group, small enterprise owners, farmer groups or individual agriculture loans They also have several savings plans and they work on the improvement of the financial education of their clients.
The institution has more than 240,000 clients and the average loan disbursed is of EUR 341. Regarding the target population, 55% of clients live in rural areas, and 82% of total clients are women.