MMFA Membership
We have two kinds of membership.They are full member (member MFI) and associate member.
Criteria to become member MFI
- MFI who is recognized by law and received license to operate from related regulator
- Submit one representative CV form from respected MFI
- Pay the membership and annual fees
The membership and annual fees for member MFIs are as follow.
- Large MFIs: Greater than 10 Billion Kyats of Asset - 750,000 Ks
- Medium MFIs: Between 1-10 Billion Kyats of Asset - 500,000 Ks
- Small MFIs: Less than 1 Billion Kyats of Asset - 250,000 Ks
Criteria to become MMFA Associate Member
(a) Any interested company, organization or individual who match with the following criteria can apply for associate member of MFMA.
- Any local/foreign company or organization who are closely working in microfinance sector and have license to operate from related regulator in Myanmar.
- An individual Myanmar citizens who are business or technical experts in microfinance
- An individual Myanmar citizens who are currently working at Microfinance Institution (MFIs)
(b) An individual or organization who are announced as black list cannot apply as a member of MMFA
(c) For an individual member candidate
- Must be 18 year old and above
- Must not have mental illness or fool
- Must not be a person who are entering to religious order for life time
- Must not be criminal person related to ethnical behavior which approved by court
(d) The decision to be a member of MMFA will be decided only at MMFA’s EC meeting.
(e) The candidate of MMFA member has to submit the following necessary documents to MMFA.
(a) For Local/foreign company who are working in microfinance sector
- Membership Application Form
- Company registration (Copy)
- List of Board of Directors (Copy)
- Meeting minutes on making decision for representative
- Three photos of representative person
- Membership CV form
- Representative NRC/ Passport (copy)
- Recommendation from two current MMFA members
(b) Individual (Myanmar Citizen)
- Membership application form
- Three passport photos
- Membership CV Form
- NRC & Household registration list copy
- Education Background
- Recommendation letter from related company (if the candidate is the staff member of the company)
- Recommendation from two current MMFA Member
- Objective/Reason to apply as member of MMFA
Membership fee is 100,000 MMK for all kind of member and annual fee for the association member are as follows.
- Local Organization/company – 300,000 MMK
- Foreign Organization/company- 350,000 MMK
- Individual (Myanmar Citizen) – 60,000 MMK
Bank information to transfer the membership and annual fee
- Account Name: Myanmar Microfinance Association
- Account Number: 05710305702607301
- Current Branch: KBZ – Kyun Taw Lan Branch
- Account Type: Current Account
- Currency: Myanmar Kyats