FinDev Canada provides a USD 60 million loan to Muangthai Capital to advance gender equality and private sector investment in Thailand

BANGKOK, Oct. 17, 2026 /PRNewswire/ -- The Honourable Randeep Sarai, Secretary of State (International Development) on behalf of Canada's bilateral development finance institution, FinDev Canada, announces the signing of a USD 60 million loan to Muangthai Capital (MTC), a leading non-bank financial institution (NBFI) in Thailand.

The parallel loan is in addition to the USD 200 million syndicated facility co-led by the Asian Development Bank (ADB) and Sumitomo Mitsui Banking Corporation (SMBC), a leading private Japanese global financial institution, bringing the total funding raised to USD 260 million. The syndicate also includes commercial and state-owned banks, as well as an asset management firm.

This transaction will seek to improve women's access to finance and represents FinDev Canada's first direct loan to a Thai NBFI.

FinDev Canada will direct 100% of the loan proceeds toward MTC's efforts to increase access to formal financial services for underserved rural women-owned micro, small, and medium-sized enterprises (WMSMEs), strengthening financial inclusion and economic growth in Thailand.

MSMEs play a critical role in Thailand's sustainable and inclusive growth, contributing approximately 35% of its GDP and supporting significant employment opportunities. However, many enterprises face constraints in accessing formal credit, including limited or no credit history and insufficient collateral. As a result, MSMEs rely on informal lending, which significantly limits their growth potential and sustainability. With 90% of its customers located in rural areas, MTC is well-positioned to expand access to finance through its established lending model and branch network.

FinDev Canada's commitment strengthens Canada's relationship with Thailand and supports continued growth in investment, strengthening economic resilience in both countries. Thailand is Canada's second‑largest trading partner within the Association of Southeast Asian Nations.

"FinDev Canada is committed to attracting more private sector capital into emerging markets across Asia-Pacific. Through our strategic partnership with MTC, alongside ADB and SMBC, we are increasing access to finance for underserved women-owned enterprises in Thailand, supporting more inclusive economic development. This transaction strengthens FinDev Canada's financial sector capacity and Canada's long-term economic engagement in the region," said Lori Kerr, CEO, FinDev Canada.

"An investment in women is an investment in us all. Canada is empowering women entrepreneurs by expanding access to financing for MSMEs and strengthening the resources needed to succeed. By building financial bridges and breaking down barriers, Canada is advancing a more inclusive economy where everyone has the opportunity to succeed," said the Honourable Randeep Sarai, Secretary of State (International Development).  

"We are pleased to partner with FinDev Canada, alongside ADB and SMBC to expand access to formal financing for women-owned MSMEs, particularly in rural communities across Thailand. This partnership reflects our shared commitment to financial inclusion and sustainable economic growth, while strengthening MTC's ability to serve underserved customers nationwide," said Mr. Parithad Patcharachai, Chief Executive Officer, Muangthai Capital Public Company Limited.

About FinDev Canada       

FinDev Canada is a development finance institution that invests in emerging markets to deliver development impact, financial returns, and shared economic prosperity. We provide debt, equity, blended finance, technical assistance, and advisory across infrastructure, agribusiness, and the financial industry in developing economies to support development through the private sector. Find out more about FinDev Canada at www.findevcanada.ca.  

About Muangthai Capital

Muangthai Capital Public Company Limited is a leading non-bank financial institution in Thailand regulated by the Bank of Thailand, providing secured and unsecured financing to individuals and MSMEs. Its core products are vehicle title and land title deed loans, complemented by personal loans, nano finance, motorcycle hire purchase, and buy now pay later services. With a branch network covering all 77 provinces, MTC is committed to expanding financial inclusion and supporting sustainable economic growth, particularly in rural and underserved communities. Find out more at www.muangthaicap.com.

Media Contact: FinDev Canada: [email protected]

SOURCE FinDev Canada