THE government has arranged for the disbursement of loans to micro, small, and medium-sized enterprises (MSMEs) both for their development and to help them resume operations following the losses and damage caused by the devastating Mandalay earthquake.

In this regard, the government has demonstrated its commitment to MSME businesses with genuine goodwill and empathy. In recent years, loans were disbursed to MSMEs to support their operations. Although the loan terms have expired, some MSME business owners have not repaid their loans, citing various reasons. In reality, these businesses have been severely affected by the COVID-19 pandemic, natural disasters such as cyclones and typhoons, and, most recently, the devastating Mandalay earthquake.

Considering the actual conditions of MSME businesses, the MSME Development Work Committee has extended the loan repayment periods year after year. However, mismanagement and unforeseen challenges were often due to the actions of the respective business owners. Therefore, if they borrow funds, they are responsible for repaying the debt to the lenders. Once the loan deferment period ends, they are required to repay the loans in full.

At the coordination meeting of the MSME Development Work Committee, the Chair of the Committee, Vice-Senior General Soe Win, stated that the challenges faced by MSMEs affected by the earthquake include issues related to loan repayments. Some business owners have been able to partially repay their original loans, while others are unable to do so. Moreover, certain business owners have multiple outstanding loans from various sources, which require further scrutiny. Nonetheless, if business owners are facing difficulties in restoring their capital, they must report their situation to the MSME Development Work Committee through the relevant agencies.

Such remarks reflect the notable goodwill of the government and the Work Committee toward MSME business owners. It is evident that the government is committed to providing necessary support for MSMEs to resume and develop their operations. Therefore, business owners are expected to reciprocate this goodwill with sincere efforts – not only by operating their businesses responsibly but also by repaying their loans to the Work Committee without fail.

If they fail to repay their loans, it may affect their future opportunities. This is because all entrepreneurs operate their businesses to secure profits from production. They should not act out of selfishness but must consider the interests of their benefactors – in this case, the State and the people.