Loans

Group Loan

Group Loan is for business owners who have a valid business or willing to starter business.

Group Loan Criteria Requirements

  • Must be between 18 to 60 years
  • Have NRC (National Registration Card), Household Registration
  • Have Business license or proof of business

Credit Amount

50,000 MMK to 5,000,000/ 50 thousand to Lakhs (kyats)

Loan Period

3 months to 24 months (about 2 years)

Group Loan Members

3 to 5 People
(Should be like-minded and reliable residents, Member must be responsible together, Live in the same ward with your group member)

Repayment/Reimbursement

Monthly, every 28 days

Rate of Interest

Annual interest rate 28% (Maximum)

Compulsory savings

Mandatory to save 5% the borrowed Credit Amount
The interest recovered is 14% annually as saving interest
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Individual Loan

Individual Loan is for business owners who need to expand their business.
This loan product is for our valuable clients to grow and help their business keep running.

Individual Loan Criteria Requirements

  • Must be Myanmar citizen between 20 to 60 years
  • Have NRC (National Registration Card), Household Registration
  • Have Business license or proof of business
  • Apply together with a family member

Credit Amount

1,000,000 MMK to 10,000,000/ 10 Lakhs to 100 Lakhs (kyats)

Loan Period

6 months to 24 months (about 2 years)

Guarantor

A Guarantor must be who has own business

Repayment/Reimbursement

Monthly, every 28 days

Rate of Interest

Annual interest rate 28% (Maximum)

Compulsory savings

Mandatory to save 5% the borrowed Credit Amount
The interest recovered is 14% annually as saving interest
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Consumer Loan

Consumer Loan facilitates collaboration with partner organizations to provide
necessary loan for housing and electricity needs in rual area.

Consumer Loan Criteria Requirements

  • Must be Myanmar citizen between 20 to 60 years
  • Have NRC (National Registration Card), Household Registration
  • Have Business license or proof of business

Credit Amount

100,000 MMK to 5,000,000/ 10 Lakhs to 50 Lakhs (kyats)

Guarantor

One Guarantor is needed

Repayment/Reimbursement

Monthly, every 28 days

Rate of Interest

Annual interest rate 28% (Maximum)

Compulsory savings

Mandatory to save 5% the borrowed Credit Amount
The interest recovered is 14% annually as saving interest
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Hana Microfinance