Dragon Capital sets up microfinance business in Myanmar
Vietnam-based private equity firm Dragon Capital has made its first investment in Myanmar, teaming up with a local strategic partner to seed a Yangon-based microfinance services business.
Dragon and a financial services division of local conglomerate Loi Hein will collectively commit an initial $5 million to the project, known as Ruby Hill Microfinance. Loi Hein will control 51% of the...
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