Dragon Capital Group, a Vietnam-based investment company with operations in Asia and Europe, and Ruby Hill Financial, a Myanmar-based financial services provider, recently announced that they are launching a microfinance institution called Ruby Hill Microfinance in the city of Yangon, Myanmar. Ruby Hill Financial will hold a 51-percent stake in the firm, and Dragon Capital Group will hold the remaining shares. Ruby Hill Microfinance will launch with USD 5 million in capital and seek to raise an additional USD 95 million over the next five years.
As of 2016, Dragon Capital Group reports USD 1.5 billion in assets. Ruby Hill Financial was launched in 2015 by Myanmar’s Loi Hein Group, which primarily markets and distributes beverages and other consumer goods. The group had 2016 revenue of approximately USD 100 million.
By Phoebe Rorke, Research Associate
Sources and Additional Resources
Dragon Capital Group:
Press Release – Joint Venture Agreement Signed by Loi Hein Group (Myanmar) and Dragon Capital Group (Vietnam) to Establish Ruby Hill Microfinance
Wikipedia:
Loi Hein
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