Yoma Bank extends funds to Easy Microfinance

Yoma Bank extends funds to Easy Microfinance

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Yoma Bank and MC Easy Microfinance signed two agreements under which both firms will extend loans totaling K8 billion to small businesses in six areas of Myanmar, according to an announcement from Yoma Bank.

The agreements will enable Easy Microfinance to expand its existing operations and include 28,000 more people, ensuring more small business owners and entrepreneurs who need working capital will have access to loans.

Currently, Easy Microfinance has 12 branches in Yangon, Nay Pyi Taw, Sagaing,  Magwe regions, Mon and Kayin states which extend financial services to 70,000 members under a K 20 billion loan portfolio. Easy Microfinance is the tenth microfinance institution (MFI) to benefit from Yoma Bank funding over the past 12 months.

Source: Myanmar Times

 

 

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