Our Services
Individual_Loan
Min MMK 700,000 : Max MMK 20,000,000
- ✓ Min MMK 700,000 : Max MMK 20,000,000
- ✓ Interest rate: 28% Per year
- ✓ Number of Repayments: 6 to 24 Months
- ✓ Amortization: Equal installments
- ✓ Repay Every: 1 Month
- ✓ Balloon Payments
- ✓ Installment day calculation : Disbursement Date
- ✓ Interest Method: Declining Balance
Group Loan
Min MMK 350,000 : Max MMK 1,500,000
- ✓ Min MMK 350,000 : Max MMK 1,500,000
- ✓ Interest rate: 28% Per year
- ✓ Number of Repayments: 12 Month
- ✓ Amortization: Equal installments
- ✓ Repay Every: 1 Months
- ✓ Balloon Payments
- ✓ Installment day calculation : Disbursement Date
- ✓ Interest Method: Declining Balance
Compulsory Savings
Interest Rate: 14.00% per year
- ✓ Interest Rate: 14.00% per year
- ✓ Minimum Balance : 3% to 5% of Loan Amount
- ✓ Tenor : Same as Loan Tenor
- ✓ Interest Calculated using: Daily Balance
Voluntary Savings
Interest Rate: 10 % per year
- ✓ Interest Rate: 10 % per year
- ✓ Minimum Balance : MMK 5,000
- ✓ Tenor : Undefined
- ✓ Interest Calculated using: Daily Balance
FIXED TERM DEPOSITS
365 Days Fixed-Deposit ==> interest 15 %
- ✓ 30 Days Fixed
- ✓ Interest Rate : 12.9 % per year
- ✓ 90 Days Fixed
- ✓ Interest Rate : 14.3 % per year
- ✓ 180 Days Fixed
- ✓ Interest Rate : 14.6 % per year
- ✓ 365 Days Fixed
- ✓ Interest Rate : 15 % per year
Frequently Asked Questions
Find answers to common questions about our microfinance services
What is microfinance and how does it work?
+Microfinance provides small loans, savings accounts, insurance, and other financial services to low-income individuals or groups who lack access to traditional banking. Our services are designed to support small businesses, entrepreneurs, and individuals in building sustainable livelihoods.
What are the eligibility requirements for a microloan?
+To qualify for a microloan, applicants typically need to:
- Be at least 18 years old
- Have a viable business plan or income-generating activity
- Provide valid identification documents
- Join or form a group (for group lending programs)
- Attend financial literacy training sessions
What interest rates do you charge on microloans?
+Our interest rates are competitive and transparent, typically ranging from 10-20% annually depending on:
- Loan amount and duration
- Type of collateral (if any)
- Group vs individual lending
- Client's repayment history
We offer lower rates for timely repayments and loyal clients.
Do I need collateral to get a microloan?
+We offer both collateralized and non-collateralized loans. For first-time borrowers or small loans, we often use:
- Group guarantee: Group members guarantee each other's loans
- Social collateral: Community-based accountability
- Progressive lending: Start with small amounts, increase with good repayment
- Alternative collateral: Business assets, future earnings, or co-signers
How long does the loan approval process take?
+Our streamlined approval process typically takes:
- 1-3 days: For existing clients with good repayment history
- 3-7 days: For new individual applicants
- 7-14 days: For group loans (includes group formation and training)
- 14-21 days: For larger business loans requiring verification
We prioritize quick processing for emergency loans and agricultural seasonal loans.
What happens if I can't repay my loan on time?
+We understand that unexpected circumstances can affect repayment. We offer several supportive options:
- Loan restructuring: Adjust repayment schedule based on your situation
- Grace periods: Short extensions for genuine emergencies
- Partial payments: Accept partial payments while you recover
- Financial counseling: Free advisory services to help you manage finances
- Group support: In group lending, members can provide temporary assistance
We believe in working with our clients, not against them.
Still have questions?
Contact our microfinance specialists for personalized assistance.