BGMM Received Approval for Expansion in 4 New Regions and 2 New States in Myanmar
The microfinance market and BGMM continue to grow in Myanmar. BGMM had 3 branches in February 2017 when it was acquired by GL. Branches allow BGMM the ability to disburse loans and collect repayments locally, which is critical in microfinancing. To continue BGMM’s growth, we are pleased to announce BGMM recently received approval to begin operations in 4 new regions and 2 new states: Ayeyarwaddy, Kayah, Mandalay, Magway, Shan, and Tanintharyi. We look forward to beginning operations in these areas and expect BGMM to continue to grow as the Myanmar microfinance market is still expanding and BGMM continues to expand throughout Myanmar.