Funded by PACT & LIFT
Ratana Metta Microfinance Company Limited (RMMCL)
Ratana Metta Microfinance Company limited
Ratana Metta Microfinance Company Limited initiated the Microfinance project at Shwe Kyin Township, Bago Division since 2013 with technical support of Pact MARC and funded by LIFT so that the local people can start their own small businesses. RMMCL Co. Ltd. has been operating the microfinance activities since 2013 and there were 8 wards, 65 villages from (26 village tracks) in 2022.
The objectives of the project are to have the better lives for the women and to support the community so that they need not borrow the money with large interests. Thus, the project also aims to help the local to acquire financial management skill and to get to know the skills for starting a business.
The project trained the borrowers to have the saving habit by practicing saving plan, collecting the loans with proper amount, setting off the loan if the clients pass away and even providing 50 thousand as humanitarian supports to the family of the deceased borrower
Types of the loans by RMMCL are as followed –
- Regular loan
- Agriculture loan
- SME loan
- Health loan and
- Education loan
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- Donation for Office Building to Shwe Kyin Youth Social Group
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- EC Meeting for Agriculture Loan in Tha Yat Chaung Su Mirofinance Center (3)
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- Supporting humanitarian support to the family of the deceased borrower in Htaung Long Microfinance Center (1)
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- Donating water drainage in Padekaw Village
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- Supporting humanitarian support to the borrower after losing house in fire in Saluu Chaung Village
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- BOD members and staffs hearing sermon at the New Office Opening Ceremony
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- Donating in Htaung Long Microfinance Center (3) in need of developing program
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- Training borrowers the loan rules in Pann Inn Microfinance Center (1)