BC Finance, a wholly-owned subsidiary of Hong Kong-based private equity and advisory group Bagan Capital, recently launched its microfinance operations in Myanmar with the start of lending services in Bago, a region near the capital city of Nay Pyi Taw [1]. BC Finance aims to increase financial inclusion as well as provide microentrepreneurs additional support such as with “participation in supply chains and access to business models.” BC Finance received a microfinance operating license from the country’s Ministry of Finance and Revenue in May 2013 [2].
Bagan Capital’s services are focused exclusively on Myanmar and include identifying investment opportunities, raising capital, performing due diligence and formulating and implementing corporate strategy. Financial information on Bagan Capital is not available.
By Nisha Koul, Research Associate
About BC Finance: Founded in 2013, BC Finance is a wholly-owned microfinance subsidiary of Bagan Capital, a Hong Kong-based private equity and advisory group. Bagan Capital was established in 2011, and its services are exclusively focused on Myanmar. These services include identifying investment opportunities, raising capital, performing due diligence and formulating and implementing corporate strategy. The company has three local offices in Myanmar. Financial information is not available on either organization.
Sources and Additional Resources:
[1] Bagan Capital News, “Bagan Capital Starts Microfinance Business in Myanmar,” http://www.bagancapital.com/index.php/news/23
[2] Bagan Capital News, “Bagan Capital Granted Microfinance License in Myanman,” http://www.bagancapital.com/index.php/news/22
MicroCapital Story, August 1, 2013, “Aeon Financial Service Company Limited Launches Consumer Credit Services Subsidiary Aeon Microfinance (Myanmar) Company,” https://www.microcapital.org/microcapital-brief-aeon-financial-service-company-limited-launches-consumer-credit-services-subsidiary-aeon-microfinance-myanmar-company/
MicroCapital Story, April 9, 2013, “ACLEDA Begins Microfinance Operations in Myanmar,” https://www.microcapital.org/microcapital-brief-acleda-begins-microfinance-operations-in-myanmar/
MicroCapital Story, January 16, 2013, “Government of Myanmar Announces Microfinance to be Key Element of Development Plans,” https://www.microcapital.org/microcapital-brief-government-of-myanmar-announces-microfinance-to-be-key-element-of-development-plans/
MicroCapital Universe Profile, BC Finance, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=BC+Finance
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