Microfinance Firms in Myanmar Struggle to Stay Afloat in Second Wave

Source: Myanmar Times

Government travel restrictions and orders to defer repayments and lower interest rates on loans due to COVID-19 have reduced the ability of Myanmar’s microfinance companies to help rural people who desperately need capital.

Now, with the country hit by a second wave of COVID-19 infections, Daw Phyu Yamin Myat, general secretary of the Myanmar Microfinance Association, shares her views on the challenges facing microfinance institutions.