□ KFCC (President & Chairperson Park Cha Hoon) entered an MOU for nationwide spread of Saemaul Geumgo establishment in Myanmar in the MOALI conference room in Naypyidaw, the capital of Myanmar on the 17th with the Ministry of Agriculture, Livestock and Irrigation of Myanmar (MOALI, Minister Aung Thu), which is responsible for agriculture and rural development of Myanmar.

□ This MOU is in line with the spread of Saemaul Geumgo establishment, that has been conducted by KFCC since 2016 in rural areas of Myanmar following the country's request to transfer knowledge on Saemaul Geumgo, a key participatory growth model focused on savings in the financial sector. To this end, KFCC has been cooperating with Korea International Cooperation Agency (KOICA, President Lee Mi Kyung) that has been performing rural community development project in Myanmar as part of private-public cooperation for the expansion of financial inclusion.
□ Major cooperation agendas of the MOU include ▲ policy advice to establish Myanmar Saemaul Geumgo and its apex organization , ▲ technical assistance to establish applicable policy and laws, and ▲ human resources support from KFCC to promote Saemaul Geumgo in Myanmar and office space assistance by the Myanmar government.
□ This MOU provided a basis for mutual cooperation for creating synergy from KFCC's experience in implementing inclusive finance, and MOALI's experience in rural development and rural support system. In the future, mutual cooperation based on the integration of two institutions is expected to spread the success model of Saemaul Geumgo throughout Myanmar that has established 22 Saemaul Geumgos so far, and become widely known in the international society as a sustainable financial inclusive model.