Microfinance Firm Hayman Secures $1m Loan as Part of Aggressive Growth Plan

Microfinance lend­er Hayman Cap­ital has secured a $1 million loan from Malaysia’s May Bank as part of an ambitious EX ­pansion plan to enlarge its loan portfolio and be­come a market leader. The company said last week that it was hoping to receive the first tranche of the loan before the start of the Thingyan […]

Microfinance stagnates due to tough rules

The domestic microfinance industry is being held back by a number of constraints on funding, preventing more small-scale loans from being disbursed, according to industry insiders. Customers wait at the counter of one of Yangon’s modern microfinance institutions.Photo:Thiri Lu / The Myanmar TimesCustomers wait at the counter of one of Yangon’s modern microfinance institutions.Photo:Thiri Lu […]

Norway to take stake in MFI

The Norwegian Investment Fund for Developing Countries (Norfund) has acquired the right to take up to a 25 percent stake in local microfinance company Myanmar Finance International. The microfinance firm is owned by AIM-listed Myanmar Investments International as well as Myanmar Finance Corporation. Norfund is Norway’s main vehicle for combating poverty through private-sector development. “Norfund […]