SHWE Loan Lay means micro and small business loans and MSME loans are now available at Shwe Bank without a collateral requirement.
Jointly organized by Shwe Bank and Myanmar Micro, Small and Medium Enterprises Association, Shwe Loan Lay and microfinance loan festival was held on 1 August at Shwe Bank head office located on Pansodan Street in Yangon.
Loan application takes effect from the festival. Shwe Loan Lay aims for micro and small businesses, and the loan quantum is from K10million to K50 million with an annual interest rate of 14.5 per cent or 15 per cent.
MSME loan aims for SMEs and interest rate is from three to five per cent, depending on business size, with a maximum loan quantum K100 million.
At the microfinance festival, MSME seminar and booths of SME products were included. — Htun Htun/ZS
