Hayman Microfinance in Myanmar
Hayman Microfinance Wins Fastest Growing Microfinance Company Myanmar 2020 Award
Hayman Microfinance Wins Fastest Growing Microfinance Company Myanmar 2020 Award

24 April 2020

Hayman Capital Co., Ltd, a 100%-owned subsidiary of a Singapore-based international investment and financial group company – Hayman Capital Pte Ltd has been awarded “Fastest Growing Microfinance Company Myanmar 2020” by Global Banking & Finance Review® on 17th April 2020. And the Acting CEO & CFO of Hayman Capital Co., Ltd has also been awarded “Non-Banking Financial Institutional CFO of the Year Myanmar 2020” Award on the same day.

Global Banking & Finance Review® is a leading Financial Platform established in 2010. Since the inception of the Global Banking & Finance Awards® in 2011, The Awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the Global Financial community. The awards were created to recognize companies of all sizes which are prominent in particular areas of expertise and excellence within the financial world. The Banking awards & the Financial Awards are known throughout the global banking and financial community as a symbol of excellence.

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 with a strategy to cover all regions within the next few years.

Commenting on the award, Mr Siegfried Kofi Gbadago, the Acting CEO & CFO said, “it is a great delight that in the year of double 20s, we got double awards – The Fastest Growing Microfinance Company of the Year 2020 and the Non- Banking Institutional CFO of the Year. It is well-deserving for our shareholders, directors, executive team, heads of departments and all other staffs for their 5 years of dedication, diligence and service quality to our cherished 155,000 clients across 25 branches. We thank the Global Banking & Finance Review® for this honour, and we believe this is a feather in our cap to extend financially inclusive services to low-income clients across the country”.

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 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.

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