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Yoma Bank, Early Dawn Microfinance ink US$10M funding agreement

Yoma Bank Ltd. signed a US$10 million financing agreement with Early Dawn Microfinance Co. Ltd. to support the latter's microfinance operations in Myanmar.

The loan facility will help more people in Myanmar borrow money to start new businesses, among other things. Under the agreement, the funds will be used to provide loans to up to 30,000 micro and small enterprises, according to a May 30 release.