MMFA Membership

We have two kinds of membership.They are full member (member MFI) and associate member.

Criteria to become member MFI

1. MFI who is recognized by law and received license to operate from related regulator
2. Submit one representative CV form from respected MFI
3. 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