JICA SME (Two-Step Loan) is provided to help develop the SMEs in Myanmar, funded by the Japan International Cooperation Agency(JICA) and mainly designed for the convenience of all SME entrepreneurs depending on their business strengths and sufficient collaterals.
We help customers achieve more.
Special Benefit
With a term of over 1-5 years, SME entrepreneurs can operate their businesses well.
SMEs can apply for loans of MMK 500 million to build the buildings, factories, warehouses, to purchase the machineries and to make other capital investments.
Payments can be made monthly, quarterly or annually depending on types of business and incomes.
YOUR MONEY IS MAKING MONEY FOR YOU & YOUR FAMILY.
Interest Rates
Fee Description(MMK)
With sufficient collateral, loan will be provided with an annual interest of
5.5% pa
With not sufficient collateral, CGI (Credit Guarantee Insurance)
backed loan will be provided
Interest rate ranges from
10 % (Premium fees for CGI is included)
Terms
Required Documents
Company
Terms
Relating using JICA loan, 80% of the loan shall be set aside for fixed capital/assets and a maximum of 20% shall be used as working capital
Business should have been operating for at least 22years
Required Documents
Business License / License from City Development Council (valid)
Company
License of Company (valid) / Memorandum of Association & Article of Association/ Form-6 /Form-26 / Form-E/ Meeting Minutes and Resolution / Export-Import License
Receipts of payments for profit/ income/ municipal taxes (for the last 3 years)
Profit or Loss / Balance Sheet (for the last 3 years)
Documents stating the collateral is the property of applicant
Household List and NRC (copy)
Photos of business, collateral and 2 ID photos of applicant
Project Plan (example – to purchase machineries/ to build facilities), projected costs and estimated time shall be provided.
Recommendations, by the related departments, stating that the proposed type of business is safe and makes no harm to the environment.
Suitable for businesses that are at least 2 years old who are aiming to invest in Capital Investment such as building factory, upgrading machines, buying new machines, etc.
