Myanmar Financial Inclusion Initiative
Many micro and small enterprises, as well as smallholder farmers, lack basic financial and business management knowledge. This contributes to inefficient enterprise and farm management practices while also limiting farmers’ ability to access formal financial services and manage debt appropriately. Another challenge for smallholders farmers is that many lack an understanding of land tenure laws and do not have formal title to their land. This limits growth potential for their businesses because land titles are recognized as loan collateral which allows farmer to invest in their plots and enterprises.
With MasterCard’s support, Mercy Corps will deepen its outreach and impact in Myanmar by providing much needed business advisory services and improved access to land rights education for smallholder farmers. The initiative takes a market-driven, sustainable development approach which focuses on increasing the capacity of local service providers to deliver needed training, and aims to increase the incomes of both entrepreneurs and smallholder farmers, primarily women in rural Myanmar.