CDSG is a joint-venture partner with Fullerton Financial Holdings (“FFH”), a wholly owned subsidiary of Temasek Holdings (Private) Limited, in Fullerton Finance (Myanmar) Company Limited (“FFMCL”), a micro-credit business that began operations in 2014.
In late 2015, the International Finance Corporation ("IFC"), a member of the World Bank Group, joined CDSG and FFH as a partner in FFMCL.
Fullerton Myanmar's headquarters are located in Thaketa, Yangon. Fullerton Myanmar has been operational since 3 October 2014 and made its first disbursement on 17 October 2014. Since then, FFMCL has approved and disbursed to 29,723 active clients with a total loan amount of MMK 7.2 billion as of 30 September 2015.
Fullerton Myanmar currently operates a network of 12 branches; 4 in Yangon, 4 in the Delta region and 4 in Mandalay. As of 30 September 2015, FFMCL's staff exceeded 200 employees.
The company runs a dual urban/rural microfinance program through an innovative use of technology in the field to improve productivity and turnaround time. It aims to grow its customer base 20 fold from 10,000 customers to 200,000 customers by 2021.
For more information about FFMCL, please click here: https://www.fullertonmyanmar.com/about-us.html