Fortune Fund Myanmar

What Fortune Fund Myanmar does

Fortune Fund Myanmar Co., Ltd. is a Yangon-headquartered microfinance institution that provides credit, savings, and insurance products to micro-entrepreneurs and salaried individuals across Myanmar. Founded in August 2013 as Fullerton Myanmar, the company received its microfinance operating license from the Myanmar Microfinance Supervisory Enterprise in June 2015 and rebranded to Fortune Fund Myanmar in April 2023 following a transition to majority local ownership under Capital Diamond Star Group. Its core lending portfolio comprises four products: Group Loans (groups of 5 borrowers, MMK 300,000-500,000, 2.33% monthly interest), Small Business Loans (MMK 1-10 million, 6-24 month tenure), Personal Loans (MMK 100,000-1.5 million), and Hire Purchase Loans (MMK 300,000-2.5 million for motorbikes and durable goods, 15% annual interest). Two savings products — Group Compulsory Savings and Voluntary Savings — plus credit life and micro fire insurance offerings extend the relationship beyond pure credit.

The company generates revenue almost exclusively through interest income on its microfinance loan portfolio, with pricing disclosed in Myanmar Kyat and fixed upfront. Distribution is conducted via a physical branch network spanning 98+ townships across 9 regions, supplemented by field loan officers who run center meetings for group borrowers and provide door-to-door service. As of March 2023, Fortune Fund Myanmar employs over 500 staff serving micro-borrowers in both rural and urban locations, with a typical loan cycle ranging from 3 to 24 months and repayment frequencies of fortnightly (group loans) or monthly (individual loans). The shareholder structure — comprising Capital Diamond Star Group (local conglomerate), Fullerton Financial Holdings (Temasek subsidiary), and IFC (World Bank Group) — provides institutional capital backing, technical expertise, and access to international compliance frameworks including AML/CFT aligned with Myanmar's 2026 AML Law.

The underlying technology stack is described in general terms as "technology-enabled field operations" without disclosed proprietary platforms, APIs, or data products. The company has no mobile application, no developer-facing integrations, and no disclosed AI or machine learning capabilities. Marketing and customer engagement occur through the corporate website, a Facebook corporate page, and in-person branch relationships. The growth strategy evident from the data is incremental: expanding township coverage, deepening wallet share through savings and insurance cross-sell, and formalizing regulatory compliance — all within a single-country, single-segment domestic microfinance footprint.

Name

Fortune Fund Myanmar

Legal name

Fortune Fund Myanmar Co., Ltd.

Website

https://fortunefundmm.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Fortune Fund Myanmar is a Yangon-based microfinance institution providing group loans, small business loans, personal loans, hire purchase financing, savings, and insurance to micro-entrepreneurs and salaried individuals across 98+ townships in 9 regions of Myanmar.

Ownership category

akta.pro rank

Product category

Microfinance

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

akta.pro secondary industry

SME Term Loans & Growth Capital (FSAKAGAB)

Keywords

• Microfinance lending
• Small business loans
• Personal loans
• Group lending
• Savings products

Headquarters

HQ city

Yangon

HQ country

Myanmar (Burma)

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Microfinance Lending Interest Income: Fortune Fund Myanmar generates revenue primarily through interest income on microfinance loans extended to micro-entrepreneurs, small business owners, and salaried individuals. The company offers group loans, small business loans, personal loans, and hire purchase financing with interest rates ranging from 2.33% per month (28% per annum) for group loans to 15% per annum for hire purchase.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Fortune Fund Myanmar is a microfinance institution that extends group loans, small business loans, personal loans, hire purchase financing, and savings products to micro-entrepreneurs, small business owners, and salaried individuals. The company delivers these services through a branch network of 98+ townships across 9 regions of Myanmar, supported by technology-enabled field loan officers who serve both urban and rural customers.

Product overview

Fortune Fund Myanmar operates as a microfinance institution offering a unified suite of financial products centered on lending and savings services. The core lending portfolio comprises four loan products: Group Loan (for group borrowing of 5 members), Small Business Loan (working capital for entrepreneurs), Personal Loan (consumption loans for salaried individuals), and Hire Purchase Loan (for durable goods acquisition). The savings offering includes Group Compulsory Savings (mandatory savings for group loan members) and Voluntary Savings (optional deposits). Protection products including Credit Life Insurance and Micro Fire Insurance are offered as add-on modules in partnership with insurance providers. The company operates a dual urban and rural microfinance program leveraging technology to improve field productivity.

Differentiator

Problem solved

Functional benefit

Products and services

• Group Loan Microfinance loan product for groups of five borrowers, providing financing for productive assets such as raw materials, shop stocks, small machinery, livestock, and specific needs including agriculture, healthcare, and education. Loan size MMK 300,000 to 500,000; tenor 3 to 12 months; fortnightly repayment; 2.33% per month (28% per year) interest.
• Small Business Loan Working capital financing for micro and small business owners in both rural and urban locations, enabling entrepreneurs to improve and grow their businesses. Loan size MMK 1 million to MMK 10 million; tenor 6 to 24 months; monthly repayment.
• Personal Loan Consumption loan for salaried individuals, suitable for home renovation, purchase of furniture, appliances, small electronics, medical emergencies, marriage, or education. Loan size MMK 100,000 to MMK 1.5 million; monthly repayment.
• Hire Purchase Loan Financing solution for durable goods purchases, allowing borrowers to acquire items like motorbikes with minimal down payment. Loan size MMK 300,000 to MMK 2.5 million; 15% per annum interest; monthly repayment.
• Group Compulsory Savings Mandatory savings product collected during center meetings for group loan borrowers, designed to encourage savings habits and provide funds for emergencies or important life events. Up to 5% of group loan amount; 14% per annum interest; available only to group loan members.
• Voluntary Savings Optional savings account allowing members to accumulate savings for daily life and business challenges, with interest earned on deposits. Minimum maintaining balance MMK 30,000; 10%-12% per annum interest.
• Credit Life Insurance Insurance coverage provided in partnership with insurance providers, protecting borrowers against death or permanent disability.
• Micro Fire Insurance Protection coverage for members against fire-related damages to their homes, offered in collaboration with insurance partners.

Quantifiable outcome

• Loan amounts have grown from MMK 200,000 to over MMK 1 million for long-term customers

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Insurance PartnerssupportingStrategic or Co-development PartnerInsurance partners provide Credit Life Insurance coverage for borrowers in the event of death or permanent disability, and Micro Fire Insurance for members' homes.

Scale indicators6 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• BRAC Myanmar: BRAC's microfinance operations in Myanmar targeting micro-entrepreneurs via group lending and small enterprise loans. Comparable on serving bottom-of-pyramid borrowers in Myanmar with a development-finance mission and similar loan ticket sizes.
• Advans Myanmar: Advans is a global microfinance network serving micro-entrepreneurs and SMEs across emerging markets including Myanmar. Comparable on customer segment (micro + small business), product mix, and emerging-market credit methodology.
• VisionFund Myanmar: World Vision's microfinance arm operating across Myanmar, providing group loans, small business loans, and savings to low-income clients. Comparable as a Myanmar-licensed MFI serving rural micro-entrepreneurs with a similar product mix and group-lending methodology.
• Pact Microfinance Myanmar: PACT operates a network of MFIs across Myanmar offering group-based lending and individual microloans to underserved communities. Comparable on product mix, group lending methodology, and rural distribution approach.
• Proximity Finance Myanmar: One of the largest licensed MFIs in Myanmar, providing group loans, individual loans, and SME loans to micro-entrepreneurs across rural and urban areas. Most direct comparable on geography, product mix (group + individual lending), and regulatory standing with the Myanmar Microfinance Supervisory Enterprise.
• Wave Money: Leading mobile financial services provider in Myanmar (originally a Telenor/Yoma joint venture) offering money transfer, payments, and increasingly credit and savings via agent network. Comparable as a Myanmar-licensed retail financial services provider competing for the same low-income customer wallet.

Regional players

• Amret: Leading Cambodian MFI (with IFC links) offering group loans, individual loans, and SME banking to micro-entrepreneurs. Comparable on product mix, regulatory framework, and emerging-market microfinance best practices, though serves a different geography.
• Sathapana Bank: Cambodian commercial bank originating from microfinance roots, providing loans, deposits, and digital financial services to SMEs and individuals. Comparable on the institutional evolution path from microfinance to broader retail banking in Southeast Asia.

Broad incumbents

• Grameen Bank: Bangladesh-based pioneer of group-based microfinance lending, serving micro-entrepreneurs globally. Comparable on founding methodology (group lending, social collateral, micro-entrepreneur focus) although it operates at vastly larger scale and not in Myanmar.
• ASA International: Global microfinance institution operating a network of MFIs across South and Southeast Asia providing microloans to small entrepreneurs. Comparable on microfinance loan products, product methodology, and target segment; broader geographic and operational scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/fortunefundmfi
• LinkedInlinkedin.com/company/fullertonmfi

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fortune Fund Myanmar