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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).

2013-2015

Year
2013–2015

  • 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

Year
2016

  • 15 more branches were opened
  • Use of tablets for KYC and onboarding customers

2017

Year
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

Year
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

Year
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

Year
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

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

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Integrity

Being transparent, fair and guided by a strong, clear sense of ethics at all times.

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Innovation

Thinking of newer ideas and better ways of working.

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Diversity

Appreciating and celebrating the potential and power of differences and welcoming multiple perspectives, views, ideas, and cultures.

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Excellence

Following the highest quality standards and being committed to delivering the best to all stakeholders.

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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

Thadoe@2x
Mr. Thadoe Hein

Chairman
Non-Executive Director

1

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shwetha
Shweta Aprameya

IFC
Non-Executive Director

1

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rajesh-new
Mr. Rajesh Malhotra

Non-Executive Director,
Remuneration and Nomination Committee (RNC) Chairman,
Group CFIO and
Maha CEO

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1

Raymond@2x
Mr. Raymond Leung

Independent and
Non-Executive Director,
Audit and Risk Committee (ARC) Chairman

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1

Thadoe@2x
Thadoe Hein

Chairman
Non-Executive Director

1

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shwetha
Shweta Aprameya

IFC
Non-Executive Director

1

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Rajesh@2x
Rajesh Malhotra

Non-Executive Director,
Remuneration and
Nomination Committee
(RNC) Chairman

View more

1

Raymond@2x
Raymond Leung

Independent and
Non-Executive Director,
Audit and Risk Committee (ARC) Chairman

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1

maha-ceo@2x
Matteo Marinelli

Executive Director and
CEO

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1

rajesh-new
Rajesh Malhotra

Non-Executive Director,
Remuneration and Nomination Committee (RNC) Chairman,
Group CFIO and
Maha CEO

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1

Raymond@2x
Raymond Leung

Independent and
Non-Executive Director,
Audit and Risk Committee (ARC) Chairman

View more

1

Dr.surabhi@2x
Dr. Surabhi Dhingra

Grievance Committee Chairwoman

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1

rajesh-new
Rajesh Malhotra

Non-Executive Director,
Remuneration and Nomination Committee (RNC) Chairman,
Group CFIO and
Maha CEO

View more

1

Check Woei Foo
Check Woei Foo

Assets and Liabilities Committee (ALCO) Chairman

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1

mr-rupesh-update
Rupesh Kumar Sinha

Integrated Risk Management Committee (IRMC) Chairman and Chief Operating Officer, Maha

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1

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 meeting was held monthly, and special invitees were called upon when required. The attendance for FY20-21 for the board meeting is shown below.

Since 2018, the ALCO meeting was held monthly. The attendance for FY20-21 for ALCO is shown below.

Since 2018, the RNC meeting was held monthly. The attendance for FY20-21 for RNC is shown below.

Since 2018, the ARC meeting was held monthly. The attendance for FY20-21 for ARC is shown below.