About The Founder
U Myint Swe
U Myint Swe, a former top management of the UNDP microfinance program in Myanmar, is one of the most well-known and respected microfinance practitioner in the industry and the author of the microfinance textbook in Myanmar.
Based on the Grameen methodology, he developed a practice to best suit Myanmar’s specific context.
Key factors contribute to MIFIDA’s sustainable business and growth
- Experienced management team and JV partner Management team former experience with: Pact Global Microfinance Myanmar, Fullerton Finance, Woori Finance, LOLC, etc.
- JV partner (Gojo) former experience with: World Bank, UNDP, Goldman Sachs, Morgan Stanley, Mckinsey & Company, AT Kearney, Roland Berger, Deloitte, etc.
Outstanding portfolio quality based on weekly collection
- NPL 0.03%: weekly collection allows stable collection as small repayment amounts are manageable by clients.
- Repayment amounts are smaller compared to biweekly or monthly collection schemes.
- MIFIDA is one of the 4 MFIs in top 20 that is solely based on a weekly collection scheme. Most MFIs operate with monthly/biweekly schemes.
- Weekly meetings allow close monitoring of clients’ business and financial situation, leading to swift actions when required.
People management capability
- Low staff turnover rate (2018: 9.6%) due to MIFIDA methodology allowing staff to work under stress-free environment (appropriate workload and low delinquency)
- MIFIDA has been swiftly hiring new staff based on the popularity of management team