July 31, 2019
New Interest Rates for Microfinance Institutions
On 5th June 2019, the Microfinance Business Supervisory Committee (“MBSC”) issued the Directive No. 1/2019 on new interest rates for microfinance institutions operating in Myanmar, which will enter into force on 1st October 2019. The new interest rates are as follows:- 2.3% per month but not more than 28% per annum for microfinance loans calculated... Read More