Yoma bank and MC Easy Microfinance Company Limited signed a funding agreement of MMK 4.8 billion to provide financial assistance to small entrepreneurs and small business owners in Myanmar

Yoma Bank and MC Easy Microfinance company limited (“Easy Microfinance”) signed a funding agreement of MMK 4.8 billion in support of Easy Microfinance’s funding operations in Myanmar.

This new funding comes on top of the MMK 8 billion in existing ones that Easy Microfinance is receiving from Yoma Bank and it will serve an additional 16,000 borrowers, particularly micro-entrepreneurs and small business owners, who need financial assistance in seed capital for their business’ operations.

Since the new legislation allowed Myanmar banks to lend to microfinance institutions (MFIs) in 2016, Yoma Bank has provided innovative funding solutions to over 11 microfinance institutions nationwide. Since the partnership between Yoma Bank and Easy Microfinance started in 2018, more than MMK 12.8 billion have been provided through Yoma Facility to Easy Microfiance’s borrowers through its 21 branches across Yangon, Naypyidaw, Sagaing, Magway, Mon, Kayin and Ayeyarwaddy regions.

Yoma Bank and MC Easy Microfinance company limited (“Easy Microfinance”) signed a funding agreement of MMK 4.8 billion in support of Easy Microfinance’s funding operations in Myanmar.

This new funding comes on top of the MMK 8 billion in existing ones that Easy Microfinance is receiving from Yoma Bank and it will serve an additional 16,000 borrowers, particularly micro-entrepreneurs and small business owners, who need financial assistance in seed capital for their business’ operations.

Since the new legislation allowed Myanmar banks to lend to microfinance institutions (MFIs) in 2016, Yoma Bank has provided innovative funding solutions to over 11 microfinance institutions nationwide. Since the partnership between Yoma Bank and Easy Microfinance started in 2018, more than MMK 12.8 billion have been provided through Yoma Facility to Easy Microfiance’s borrowers through its 21 branches across Yangon, Naypyidaw, Sagaing, Magway, Mon, Kayin and Ayeyarwaddy regions.

(Mizzima: http://www.mizzima.com/article/yoma-bank-and-mc-easy-microfinance-sign-48-bn-kyat-funding-agreement )

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