Ho Chi Minh City, Vietnam 05 April 2017 – Ruby Hill Financial Company, a Member of the Loi Hein Group (Myanmar), and Dragon Capital Group (Vietnam) have agreed to subscribe to shares, 51% and 49% respectively, in Ruby Hill Microfinance, a new microfinance institution to be based in Yangon, Myanmar.
Ruby Hill Microfinance will commence with initial capital commitments of US$ 5 million and will focus on promoting inclusive loan products and services to the burgeoning workforce driving Myanmar’s rapid economic development. Ruby Hill Microfinance will be strategically led by the Chairmen of both Loi Hein, Dr. Sai Sam Htun, and Dragon Capital, Mr. Dominic Scriven, who will directly chart the business course of the microfinance institution from its board of directors. Ms. Trinh Proctor, Loi Hein Group’s Chief Strategy Officer, and formerly with Standard Chartered Bank, has been appointed Chief Executive Officer. Ms. Proctor has extensive experience in the fields of formulating bank strategy, risk management/processes and human capital development.
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