30th September 2019, Yangon.
Hayman Capital Co., Ltd has signed a US$2.75 million term loan with –the Microfinance Initiative for Asia (MIFA) Debt Fund and the EMF Microfinance Fund, both managed by leading impact investment manager BlueOrchard Finance Ltd.
The fund of US$2.75 Million, equivalent of MMK4.1 Billion has been approved and is to be disbursed to support the microfinance operations at the existing 19 branches of Hayman MFI located across Yangon Region, Ayawaddy Region, Bago Region, and Mandalay Region as well as Hayman’s upcoming branches in Nay Pyi Taw, Sagaing Region and Magway Region.
The new funding from BlueOrchard will be disbursed to grow Hayman’s loan portfolio through its various products such as the Micro-Business Loan and the SME Loan launched on 09 September 2019 according to Hayman’s business plan.
“We would like to express our gratitude to the two funds - MIFA and EMF Microfinance Fund - of BlueOrchard for each of their trust, support, and efforts in successfully extending the funds which will help us with our pursuit to reach as many unbanked and underbanked population as possible in Myanmar. We are fully committed to our financial inclusion mission in uplifting Myanmar’s micro-entrepreneurship and rural socio-economy as a trusted Microfinance Institution.” – Mr. Sultan Marenov, Chairman & Managing Director of Hayman Capital Co., Ltd.
Hayman Capital Co., Ltd has seen a rapid geographical, clientele and loan portfolio expansion in the financial services industry over the four years in Myanmar. With over 100,000 Active Clients, Loan Portfolio of US$16.81 million, Total Assets of US$ 21.91 million and Equity of US$ 10.9 million, Hayman is a Top-10 MFI in Myanmar in terms of paid-up capital.
Hayman Capital (Microfinance) Co., Ltd, a deposit-taking licensed Microfinance Institution, is a 100% subsidiary of the Singapore-based International Investment Group – Hayman Capital Pte., Ltd. Hayman Microfinance was established in 2014 and disbursed its first loans in July 2015. Currently, it has 19 branches: Insein, Thingangyun, Hlegu and Kawhmu branches in Yangon Region; Nyaung Lay Pin, Bago, Phayargyi, Pyay, Daik Oo and Taungoo branches in Bago Region; Pathein, Hinthada, Maubin and Kyonpyaw branches in Ayeyarwaddy Region and Mandalay, Tadar Oo, Kyaukse, Meikhtilar and Myingyan branch in Mandalay Region.
BlueOrchard is a leading global impact investment manager, dedicated to fostering inclusive and climate-smart growth. BlueOrchard was founded in 2001, by an initiative of the UN, as the world’s first commercial manager of microfinance debt investments. Today, BlueOrchard provides institutions in emerging and frontier markets with debt and equity financing and investors around the world with premium investment solutions, including credit, private equity, and sustainable infrastructure. With a major global presence and offices on four continents, BlueOrchard has invested to date more than USD 6bn in over 475 institutions across 80 emerging and frontier markets, enabling tangible social impact. For additional information, please visit: www.blueorchard.com
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