Pact Global Microfinance Fund (PGMF)

As a non-profit lender, Pact Global Microfinance Fund improves the lives of poor and marginalized families in myanmar. By providing loans and training to launch small businesses, build income and save for the future. More than 97 percent of recipients are women. Most live in rural areas with no other options for obtaining credit. In this year, the number of villages covered by loan programs increased by 5% to 17,616. Loans were extended to people for farming and other income-generating activities, education and emergency needs. Loan recipients also received training to build their business development skills, financial literacy and resilience in the face of economic shocks and disasters.