Financial Inclusion in Myanmar Bolstered by US$4.5 Million Grant from Livelihoods and Food Security Trust Fund

13 January, 2016

The Livelihoods and Food Security Trust Fund (LIFT) has awarded World Vision Myanmar, in close partnership with World Vision Australia and its microfinance partner VisionFund Myanmar, a grant of $4.5 million to help approximately 100,000 people gain improved access to financial services.

In alignment with LIFT’s objectives, the grant will enable VisionFund Myanmar to increase its efforts to provide credit and savings products for those primarily engaged in agricultural and off-farm small businesses in the states of Kachin, Shan, Kayah and Kayin, comprising a major part of Myanmar’s uplands region.

The uplands region is underserved by both formal and informal financial services. Only around 20 percent of households have access to formal services, approximately 30 percent have access to informal services, and the majority (over 50 percent) of the population are excluded from both formal and informal financial services.

The LIFT Financial Inclusion grant is part of a wider World Vision livelihood programme which aims to increase the income of rural households, increase the resilience of rural households and communities to shocks, stresses and adverse trends, as well as improving the nutrition of rural women, men and children. The partners will pay special attention to the encouragement of women in livelihood activities with over 80% of clients anticipated to be women.

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