WHO WE ARE
Maha Agriculture Microfinance is a deposit-taking financial service provider licensed under the Microfinance Law of Myanmar (2011) and began operations on 29 April 2013 under the Myanmar Companies Act. Maha Agriculture Microfinance has 37 operational branches. Maha is currently co-owned by Myanma Awba Group and the International Finance Corporation (IFC).
2013 - 15
- Microfinance License received
- In September 2013, our first branch was opened and the first loan was disbursed
- In 2014, we opened our second branch
- In 2015, we opened 7 branches
2016
- 15 more branches were opened
- Use of tablets for KYC and onboarding customers
2017
- 9 more branches opened
- Myanma Awba Group and IFC signed a shareholder agreement for an equity stake
- We started using a digital credit scoring model
- Corporate Governance Framework was established
- First Board of Directors meeting was held
2018
- Credit scoring model was upgraded to a newer version
- Audit and Risk Committee (ARC), the Remuneration and Nomination Committee (RNC) and the Assets and Liabilities Committee (ALCO) was established
- First MSME loan product was launched
- First Impact Assestment Report
2019
- Signatory of Principles of Responsible Banking under the United Nations Environment Programme’s Finance Initiative
- Redesigning our branch and launching our new logo
- New website launched
2020
- Achieved Smart Campaign Certificate
- Performed First Social Rating and awarded
- Implementted Integrated Risk Management of Maha
- 1st Integrated Risk Management Committee meeting in Dec 2020
Vision
Be the financial service provider of choice for our rural customers, communities, and stakeholders and be recognized for our agri-finance focus, innovation, and high ethical standards.
Mission
We aim at being a responsible financial service provider that drives rural financial inclusion while fostering innovation in everything we do and the markets we serve. Maha strives to deliver products and solutions with a customer-centric approach. We believe in our people and partner in their success and we are committed to enriching the lives of our rural clientele.
Values
Integrity
Being transparent, fair and guided by a strong, clear sense of ethics at all times.
Innovation
Thinking of newer ideas and better ways of working.
Diversity
Appreciating and celebrating the potential and power of differences and welcoming multiple perspectives, views, ideas, and cultures.
Excellence
Following the highest quality standards and being committed to delivering the best to all stakeholders.
Agility
it’s always day one.
OUR SHAREHOLDERS
Our largest shareholders are Myanma Awba Group and International Finance Corportation (IFC)
Myanma Awba group is Myanmar’s leading agricultural corporation and as the largest manufacturer and distributor of agricultural technology, Myanma Awba Group believes it has a responsibility to improve the lives of farmers and Myanmar’s agricultural sector. Furthermore, as crop specialists, the group relies on the latest innovations to help 3.5 million farming families in agriculturally significant rural areas, focusing on crop protection, crop nutrition, and high-quality seeds. To know more, please visit https://awba-group.com/
Their comprehensive approach to private sector development helps businesses innovate and create jobs and opportunities for people in developing countries. This is where the IFC comes in with more than 60 years of experience in unlocking private investment, creating markets and opportunities where they’re needed most. Since 1956, the IFC has leveraged $2.6 billion in capital to deliver more than $285 billion in financing for businesses in developing countries. To know more, please visit https://www.ifc.org/
LEADERSHIP TEAM
Board of Directors
Remuneration and
Nomination Committee
Audit and Risk
Committee
Grievance Committee
Executive Committee
Assets and Liabilities Committee
Integrated Risk Management Committee
Mr. Thadoe Hein
Chairman
Non-Executive Director
Shweta Aprameya
IFC
Non-Executive Director
Mr. Rajesh Malhotra
Executive Director,
Remuneration and Nomination Committee (RNC) Chairman,
Group CFIO and
Maha CEO
Mr. Raymond Leung
Independent and
Non-Executive Director,
Audit and Risk Committee (ARC) Chairman
Thadoe Hein
Chairman
Non-Executive Director
Shweta Aprameya
IFC
Non-Executive Director
Rajesh Malhotra
Non-Executive Director,
Remuneration and
Nomination Committee
(RNC) Chairman
Raymond Leung
Independent and
Non-Executive Director,
Audit and Risk Committee (ARC) Chairman
Matteo Marinelli
Executive Director and
CEO
Dr. Surabhi Dhingra
Grievance Committee Chairwoman
Mr. Rajesh Malhotra
Non-Executive Director,
Remuneration and Nomination Committee (RNC) Chairman,
Group CFIO and
Maha CEO
Mr. Raymond Lee Teck Seng
Assets and Liabilities Committee (ALCO) Chairman
Mr. Rajesh Malhotra
Integrated Risk Management Committee (IRMC) Chairman, Non-Executive Director, Remuneration and Nomination Committee (RNC) Chairman, Group CFIO and Maha CEO
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In FY19-20, the Advisory Board of Directors meeting was held monthly, and special invitees were called upon when required. Our newest Advisory Board of Director is Shweta Aprameya who joined us in April 2020.
Since 2017, the Board of Directors meetings have been held regularly, and special invitees werecalled upon when required. The attendance for the board is shown below:
Since 2020, the Integrated Risk Management Committee have been held regularly.The attendance of IRMC meeting for each financial year is shown below:
Since 2018, the Asset and Liabilities Management Committee have been held regularly.The attendance of ALCO meeting for each financial year is shown below:
Since 2018, the ARC meeting has been held monthly. The attendance for each financial year is shown below:
The attendance of RNC meeting for each financial year is shown below:
