MATT WALLACE - EXECUTIVE DIRECTOR @ONOWMyanmar #KyatManager
Mimi• fromRakhine
State,WesternMyanmar
• Startedabusinesssellingfashionableclothingtoyouth
ONOWhelpeddesign,researchandtest
ONOWprovidedstartupcapitalandmentoringatthebeginning,whenherbusinesswasvulnerabletoshock.
ONOWsupportsyouthinentrepreneurship• 120businessedincubated,launched,expanded• 250+Myanmarpeopletrained
80%ofjobsinMyanmarcreatedinthesetypesofsmallbusinesses.Yet,noindustrydataexists
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BANKS INVESTMENT PRIVATE SECTOR EMPLOYMENT
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INVESTMENT
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ONOWanalyzesfinancialrecords,but…• Theprocessisslow• Andnotveryhelpful
MostsmallbusinessownersgatherfinancialrecordsBut,therecordsaren’tuseful,because…• Can’tvisualizewhatitmeans• Justtrustthecashintheirpocket,butthisis
dangerousbecause...
• Largelumpsumsinthefuture• Emergencies• Missteps• ExternalShocks…willthreatenanddestroyherbusiness.
2014 2015
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MentorsincreasesurvivalratesofnewbusinessesKyatManagerallowsustomentorbe_er.
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INFORMED BUSINESS
SUPPORT Risk Mitigation for
Microfinance Institutions
ON-DEMAND
SECTOR ANALYSIS Trends, challenges, high-impact policies
FinancialDiaryStudies• Expensive• Time-consuming• Unwieldy
KyatManager• Easilydistributable• Standardized
FINANCIAL HISTORY
Credit Indicators, Mobile Money, Financial Inclusion
Mimifoundawaytostart,butshocksthreatenher.Moreunderstanding,andinformedsupport…...thrivingecosystemwithincreasingemployment.
@mattisawallace
@ONOWMyanmar
#KyatManager