The Foundation funds Thitsar Ooyin in Burma for the first time

The Grameen Crédit Agricole Foundation has just granted an initial loan in local currency equivalent to 1.3 million euros to Thitsar Ooyin, to enable this institution to continue its work, particularly among the rural populations of Burma.

Thitsar Ooyin is a microfinance institution based in Hakha, Chin State, a rugged and remote mountainous region in northwest Myanmar. The institution operates in some of the most remote areas of the country. It provides microcredit to the poorest and most disadvantaged rural communities, particularly women. Its methodology has enabled it to build a strong client base despite challenging conditions, making a significant impact on rural livelihoods.

Thitsar Ooyin offers both group and individual loans, primarily to women. To date, the institution has a loan portfolio of €7.3 million and more than 30,000 clients, including 791 women and 92 rural clients. It currently employs more than 100 people in a network of twelve branches located in Chin State and the Sagaing region.

With this loan, the Foundation now has three partners in Burma.

For more information on the organizations supported by the Foundation, Click here.