Mahar Bawga Finance Co., Ltd


“Mahar Bawga Finance Co.,Ltd (MBF) has been operating as a Non-Bank Financial Institution in Myanmar since May 2013 with an operating license from the Central Bank of Myanmar.

MBF’s key objective is to provide credit facilities and services to the informal sector and to the Micro, Small, and Medium (MSME) sector, both of which are underserved by the formal banking network.

MBF’s approach is to be innovative and to understand the needs of its clients, in order to design products which suit their needs in a rapidly changing business environment.

Two main products form about 80% of its total loan portfolio: short term unsecured consumer loans to salaried employees, and secured vehicle book loans which are targeted at entrepreneurs and professional and skilled workers.

MBF has a network of 7 branches in 5 Regions, including Yangon and Mandalay (covering Bago and Nay Pyi Taw) and over 2000 agents in nationwide and expects to cover more regions over the next few years.

MBF has a strong centralised operations system with a digital platform which functions from loan application to funds disbursement.

MBF has strong funding support from its shareholders and also from the local banks. It is looking for a potential listing in the local and regional stock exchanges over the next few years to draw more investors into the company for further expansion.”