What is CERP?
On 27th April, the government of Myanmar has announced the COVID- 19 Economic Relief Plan (CERP) to mitigate the inevitable economic and social impacts posed by the global pandemic. Consisting of 7 goals, the CERP is accordingly, designed to meet the current exigencies Myanmar faces in ways that reaffirm our long-term strategic direction.
This plan includes provision of loans worth 200 Billion Kyats to Microfinance Institutions, 100 Billion Kyats for the Microfinances and the remaining 100 Billion Kyats for the small restaurants and tea-shops. For both types of loans, the MFIs
can apply through Myanmar Microfinance Association (MMFA).