Simpler access to finance for SMEs in Myanmar
Access to finance and the lack of digitization hold back businesses in Myanmar from reaching their full potential. Traditional banks view small to medium enterprises(SMEs) as high risk and lending fees are high. In addition, tracking daily transactions on paper widens the margins of error.
Breaking this cycle is KIU Myanmar, a platform helping SMEs digitize their daily operations, plan their fiscal resources, and access credit and markets. The tools are flexible, affordable, and multilingual, keeping them in reach for interested SMEs in Myanmar.
Their Enterprise Resource Planning (ERP) software helps businesses manage their operations and employees. SMEs can keep more accurate, efficient records, helping them build a tangible credit history. The B2B marketplace component gives online presence to SMEs and allows them to buy and sell goods with integrated shipping.
KIU Myanmar took second place at the MATCh Demo Day in Hanoi, Viet Nam. KIU Myanmar is working to help farmers access credit and improve overall operations. MATCh will continue to support this startup with mentorship, investment opportunities, and access to stakeholder networks.
MATCh is a program of the Mekong Business Initiative, a program sponsored by the Australian Government and the Asian Development Bank.