Hayman Microfinance in Myanmar

Hayman Capital Co. Ltd is a profitable and dynamically growing Microfinance Institution in Myanmar.


Our main shareholder is Hayman Capital Pte. Ltd – Singapore-based Investment Company.


Hayman Capital Co. Ltd was established in 2014 in Myanmar and successfully started its microfinance operations in July 2015. As of today we are represented by an effective network in Yangon, Bago, Ayeyarwaddy and Mandalay regions. Our branches cover a number of townships, wards and villages through well-organized offices in Insein, Thingangyun, Hlegu, Bago, Nyaunglaypin, Pyay, Pathein, Hinthada, Kyonpyaw, Mandalay, Kyaukse and Meikhtila.

We are operating under permanent license no. 0232/2016 issued by Microfinance Supervisory Committee.

The main focus of our business is providing high quality and innovative financial solutions for micro entrepreneurs and individuals across Myanmar. Hayman Capital Co. Ltd is developing an in-depth understanding of the needs of low income households and using flexible approaches and delivery mechanisms to provide increased financial access to such families.


For the periods 2017-2020, we plan a number of strategies as catalysts to improving both institution and our clients. We seek to enhance our products and services by introducing online platform technologies, expanding into new regions, improving upon our stakeholder reports in line with international standards, offering CSR activities through health care, social training in communities in which we operate and offering financial literacy programmes.

Our Vision

Our vision is to become a leading financial institution in Myanmar serving millions of customers through a wide network of branches providing high quality products and services using the international standards of management and financial inclusive principles.

Our Mission

Our mission is to play a key role in improving living standards and well being of our customers by building long-term partnership and providing mutually beneficial and affordable financial services.

Our Values

Our values are respect and trust,honesty and responsibility,innovation and creativity, teamwork and cooperation.

The fundamental principles of Hayman Capital Co. Ltd are to build long-term and mutually beneficial relationship:

  • with our clients – guaranteeing them the reliability, efficiency, integrity and availability;
  • with our staff – ensuring respect, stability, interesting working environment, career development and a competitive remuneration;
  • with shareholders – ensuring the growth and sustainability of the business;
  • with the regulatory authorities – ensure compliance with local legislation;
  • with partners and suppliers – maintain effective collaboration;
  • with the society – creating new jobs, developing financial culture and strengthening confidence in the financial industry of the country.

Our Teams

Sultan Marenov

Sultan Marenov

Chairman of the Board & Managing Director

With over 20 years of senior executive experience in the international banking industry, Sultan is a strategic leader with entrepreneurial and innovative spirit who piloted the BTA Bank Belarus to become the fastest growing in the region, fuelling the SME businesses and was awarded with the “Best Bank for Entrepreneurs” twice. In Hayman Microfinance, Sultan transcended the growth of the institution as a CEO from its inception until 2019 where he became the Chairman of the Board. Sultan also seats in multiple boards of the banks and Fintech start-ups. BA in Banking and Finance and a Jurisprudence, MBA at Singapore Management University and Wharton School of Executive Education.

Hugo Minderhoud

Hugo Minderhoud

Non-Executive Director

He has 30 years of senior experience in the EU, CIS incl. Uzbekistan. Worked for ABN AMRO group as General Manager and Chairman of the Management Board at ABNAMRO Bank, Uzbekistan; Manager of Corporate Finance at ABN AMRO Bank, Russia as well as Vice President of Corporate Finance, Central and Eastern Europe at ABN AMRO Bank N.V. (The Netherlands). Currently, Hugo is Board Director of Advans Microfinance Bank, Pakistan and Arnur Credit, Kazakhstan and Senior Advisor to Ipak Yuli Bank, Uzbekistan. He is also Honorary Consul of The Netherlands and the Kingdom of Belgium in Uzbekistan.

Hugo Minderhoud
David Walker

David Walker

Chief Executive Officer & Director

He has 25 years of senior experience in Investment Banking and project development, focusing on Natural Resources, Real Estate and the Financial sector within fast growing developing markets, David has been based in Russia for 6 years and Africa for 5 years. Previously David was a Managing Director at Citi Group, Deutsche Bank and Troika Dialogue in Moscow. David also has extensive experience in the Far East gained when he was a Director of Nomura International and Daiwa Europe Ltd. MA in Jurisprudence from Oxford University.

Siegfried Kofi Gbadago

Siegfried Kofi Gbadago

Chief Financial Officer

He has 16 years of accounting, finance & funding management experience in the microfinance sector within Africa. He worked for Opportunity International Savings and Loans Ltd, Express Savings and Loans Ltd in Ghana and Microloan Foundation, Malawi as Management Accountant, Head of Finance & Treasury and Chief Financial Officer respectively. He holds Executive MBA from GIMPA, Ghana and a Chartered Certified Accountant of Association of Chartered Certified Accountants (ACCA, UK).

Siegfried Kofi Gbadago
Ms. May Thu Win

Ms. May Thu Win

Chief Operating Officer

She has over 5 years experience in operations from the Microfinance Sector. She started her career as Credit Officer and got promoted to the position of Branch Manager in ACLEDA MFI. She joined Hayman Capital Co., Ltd in 2014 as the Head of Operations and she has been instrumental in branch expansion, training and management of branches. She is graduated with B.C.Sc from University of Computer Studies Yangon in 2007

Mrs. Nweni Soe

Mrs. Nweni Soe

Advisor to MD

She has 20 years experience as a Director of -Financial Regulatory Department, Nay Pyi Taw – Ministry of Planning and Finance, Manager of Small Loan Enterprise, Deputy Director of Microfinance Department (Nay Pyi Taw Council), Director of Microfinance Department (Head office). She was on study tour to India & Cambodia for Microfinance business. She graduated with B.A (Econ) from University of Yangon.

Mrs. Nweni Soe

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