Around US$2 million will help Myanmar develop a platform to finance small businesses, reducing the inequalities between SMEs and larger players. The DaNa Facility will invest over $1.9 million in the “Shwe Lan” project which Read More
The opportunity to access small amounts of finance can be an important catalyst for SMEs to get access to the resources they need to gain a foothold in the market. However, SMEs usually face serious challenges in securing financing, particular at the beginning of forming their businesses. Frequently, SMEs’ financial needs are too large for traditional moneylenders and microcredit agencies, while banks tend to bypass this market due to administrative intensity, the lack of information, and the uncertainty of credit risk. Therefore, the availability of specialized and formal institutional resources for SME development is the foundation for creating a level playing field and facilitating their access to finance.
KBZ Bank yesterday (7 March 2018) opened a new one-stop services centre to help small and medium-sized enterprises (SMEs) secure better access to finance. The One-Stop SME Banking Centre (OSBC) offers a range of services Read More
The Central Bank of Myanmar (CBM) a directive (7/2017) directive on the implementation of the Asset Classification and Provisioning Regulation, including the following terms: “cash flow pattern of the borrower”, “credit risk analysis” and “term Read More