On 29 of May 2017
The official Signing Ceremony of the Banking Facility the amount of US$ 1 Million between Hayman Capital Co.,Ltd (Microfinance Institution) and Maybank, Yangon Branch hold at the Melia Yangon Hotel.
This loan is the first of its kind for Hayman Capital Co., Ltd and approved for the period of one year on the revolving basis. It will help to expand microfinance business of the Company andtoreach at least 3,000 small entrepreneurs and farmers. The main customers of the Hayman Capital 80% are women who run their own businesses. This loan facilitywill significantly boostbusiness activities increasingcustomer’s working capital and allow to buy more inventories, raw materials and ultimately increase their income.
Mr. Sultan Marenov, CEO & Managing Director of Hayman Capital Co.,Ltd (Microfinance Institution) said that at the Ceremony “This is a great deal for us and it showsa high interest from big bank to support the development of the microfinance industry in Myanmar.We are glad that Maybankas the most experienced and active player in the market has provided this loan for us first”. Also Sultan Marenov added that this kind of co–operation with banks and financial institutions is very important and primary for Hayman Capital Co., Ltd in future. “We see high demand on the microloans from potential customers and our MFI is ready and committed to grow further with them andto promote economic growth in the regions where we operate”.
Hayman Capital Co., Ltd has been rapidly growing in the Myanmar’s financial services industry more than 2 years. On the30 of April 2017 the Company has achieved outstanding loan portfolio more than 5,5 billion kyats and serves more than 24,000 active borrowers and depositors. Hayman Capital Co., Ltd has permanent deposit taking license, currently is profitable and sustainable financial institution.
About the Company
Hayman Capital Co., Ltd is a Microfinance Institution in Myanmar. 100% subsidiary of the Singapore based Investment Company – Hayman Capital Pte., Ltd. Business in Myanmar was established in 2014 and in July 2015 the first loan had been disbursed. Currently has 5 branches in Insein,Thingangyun, Hlegu andNyaung Lay Pin Townships and Bago City.
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