Singapore-based Hayman Capital to provide loans to local SMEs

Hayman Capital based in Singapore is providing micro finance services for local small and medium enterprises, and loans will not be limited to businesses currently in operation.

Hayman Capital has being doing business in Myanmar for over three years and profits were reported only for two years. The service is due to be extended later. Over the past three years, K34 billion has been loaned. Branch offices will also be opened in more townships.

A business can loan K100,000 to K5 million and more depending on business progress.

“So far, loans have been provided to more than 90,000 clients. Of them, 80 percent are women. They want to run small-scale home businesses. We do not lend money to civil servants. But we will provide loans to them if they can show firm evidence to run a business,” said Sultan Marenov, CEO of Hayman Capital.

Source : Eleven Myanmar

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