The loan, to be distributed through the Mya Sein Yaung micro-finance scheme, will be used to support businesses and livelihoods in 401 villages.
Tag: loans
Burma’s electricity grid receives World Bank boost
The World Bank has approved a US $400 million interest-free credit to support the Burmese government’s expansion of the national electricity grid.
OECD highlights opportunities in Burma, urges urgent reforms
The latest report in a multi-stage review highlights opportunities but emphasises the need for swift reform to fix skills-gap and develop financially.
SMEs to receive loans after eligibility survey
Sumitomo Mitsui Banking Corporation is currently conducting a survey to assess which SMEs will be eligible for government loans to help their businesses.
World Bank approves US$140 million electricity loan for Burma
The World Bank on Tuesday approved a US$140 million interest-free loan to boost electricity access in Burma, where over 70 percent of the population live in darkness.
Ministry tells agro firms to pay back loans or face charges
Burma’s Livestock and Fisheries Ministry issued a warning last week to ten private agro firms and ordered them to repay billions of kyat in loans by 31 August or face…