A strong and healthy microfinance industry contributes significantly to community’s economic development through financial inclusion. To build a strong microfinance sector requires involvements of such related stakeholders as regulator, microfinance institutions (MFIs), local authorities, and customers. SATHAPANA Limited particularly sees that involvement of local authorities is one of the important determinants of increasing financial access on the ground within their territory.
For this reason, we have never overlooked the importance of their participation in our lending process in order to ensure a responsible, sustainable community development. For instance, Insein and Hlaing Bwe townships, on October 31, 2108, accepted our requests to participate in their monthly meetings where many important people from parliament, townships’ general administration department, and head/chiefs of wards and villages under the townships’ administration also participated. In the meetings, we got to know and learned a lot from each other’s concerns and ideas where eventually we found that we had had shared vision and mission – fighting against poverty. Similarly, the same things happened in Nattalin, Kyobingauk, Paungde, Zigone, Phyarpon, Kyaik Latt, Dadeye, Bogalay, Hopone, and Htantabin townships in August, September, and October 2018.
This activity will not stop in here, but it will continue to other townships nationwide to ensure the achievement of building a shared economic development environment with assurances for all stakeholders.