06 April 2020
It is exciting news that Hayman Microfinance has reached a milestone of 5 years in providing inclusive financial service to the low-income clients within Myanmar. Founded in November 2014 and started full operation on the 6th April 2015, Hayman Capital (Microfinance) Company Ltd is a 100%-owned subsidiary of a Singapore-based international investment and financial group company – Hayman Capital Pte Ltd.
Over the last 5 years, Hayman Microfinance has grown into a viable social impact driven commercial business with the support of our esteemed team, clients and stakeholders. Currently we have more than 600 employees, and the branch network has grown into the total of 25 branches across 6 regions of Myanmar, serving more than 129,000 Active Borrowers and 155,000 Depositors, and we have a strategy to cover all regions within the next few years.
Marking the anniversary, the Acting Chief Executive Officer and Chief Financial Officer stated: “We are delighted to have come this far from a humble beginning. Over the past five years, we have seen tremendous and sustained growth. We shall continue to focus on the microfinance business, while we strengthen our operations with technology, geographical expansion and human capacity development for both staffs and clients. We shall also strengthen our relationship with social impact financial institutions and local banks in order to serve our rural and semi-urban clients better. We shall continue to extend financial services to our clients in order to help them go through the current challenging times of global lockdown”
Since our operation in 2015, over 322,000 financially inclusive loans amounting to MMK 147 billion have been originated and disbursed to our clients, of which 80% are women-preneurs and 77% reside in rural areas. The year 2019 was an another remarkable year as Hayman has witnessed not only the geographical, clientele and loan portfolio growth but also in terms of the trust Hayman has been able to engender - as we have raised the total of MMK19.35 billion in 2019 from our debt funders: Maybank, Symbiotics, BlueOrchard Finance, and AGD Bank in enabling our micro-financing.
In the ensuing year, Hayman Microfinance is expected to continue with its geographical expansion, reaching at least 190,000 clients and reaching a loan portfolio of at least MMK77 billion. In order to serve the increased number of clients and to stay ahead of the industry, Hayman is now collaborating with International Digital Payment Agencies which will make the repayment process more effective and efficient as well.
We take this opportunity to express our appreciation to all our stakeholders in making our business model a distinguished one in Myanmar.
For more information, please contact our Public Relations Officer –
Mr. Nyan Lin Tun