April 6, 2017: Hayman Capital Co., Ltd is holding a press conference with leading media in Myanmar due to its 2 years anniversary today. This is a dynamically growing deposit taking microfinance institution. The Hayman Capital Co., Ltd (“MFI”) was incorporated in 2014 and on the 6th of April 2015 got the deposit taking license for microfinance activities. The mission of Hayman Capital is to increase access to financial services by the poor, micro entrepreneurs and small farmers as well as to provide social program activities to uplift livelihoods at grassroots level and to develop financial management skills of our clients.
The main shareholder of the MFI is a Singapore based Investment Company Hayman Capital Pte., Ltd and their core business is a direct investments in the fast growing South East Asia regions.
During the press conference the Managing Director & CEO of Hayman Capital Co., Ltd Mr. Sultan Marenov said: “Our shareholder is fully committed to a long term investment strategy in Myanmar and their aim is to contribute more to the socioeconomic development of the country and financial inclusion of the low-income population”.
During this 2 years the MFI has achieved an impressive results in terms of expansion and financial performance at the same time managed to build a solid institutional framework for further sustainable growth. At 31st March 2017 the outstanding loan portfolio is MMK 5,266,688,560 (about US$ 4 million) and number of the outstanding borrowers is almost 24,000. The MFI enjoys the 100% repayment so far. Since the beginning Hayman Capital Co., Ltd has disbursed more than MMK 13 billion (about US$ 10 million). It is important to note that 50% of their borrowers from the rural areas and about 80% are women. Hayman Capital Co., Ltd has the effective network in Yangon and Bago regions and covers a number of townships, wards and villages through well-organized offices in Insein, ThinGanGyun, Hlegu, Nyaung Lay Pin townships and Bago city.
“Our team and shareholders are very proud that in a short period of time we have managed to build the institution from a small beginning. We believe that in this way we can contribute more to the economy and ensure a sustainable growth of the industry” Mr. Sultan Marenov, Managing Director & CEO said.
Currently the MFI provides two type of financial products – small business loans and savings products. Loans are disbursed to private entrepreneurs who run their own business in trade, services, productions and agriculture. Most of the loans are disbursed through group lending channel from 5 to 8 people in a group.
The Chief Operating Officer of Hayman Capital Co., Ltd Mr. NodirbekNomanov said: “The strong operations performance in 2016 is a result of continuous hard work and dedicated services of hundreds of employees. Our services have a strong demand by the local population and we are happy to continue providing financial support to all our customers. We are constantly working on improving the quality of our services and expanding the range of our products”.
Hayman Capital Co., Ltd is looking forward with an optimism and has an ambitious plan to become one of the biggest private owned microfinance institution in Myanmar. “We expect to close the fiscal year 2017/18 with a Loan Portfolio of US$8 million from the current US$4 million portfolio. This increase shall be funded from a blend of debt and equity increase. This shall enable us to increase ROE from the current -0.18% to 16%. And the next 2-3 years we are keen to double our loan portfolio every year” Mr. Sultan Marenov mentioned during the official event.
The MFI has also created CSR policy and permanently provides different proactive social activities as basic microfinance trainings for the people, business management training for their clients and donate money particularly to education and healthcare.
About the Hayman Capital Co., Ltd (Micro Finance Institution)
Founded in 2014, Hayman Capital Co. Ltd is the dynamically growing licensed Microfinance Institution in Myanmar serving more than 24,000 customers across the country. The sole shareholder is a Singapore based Investment Company – Hayman Capital Pte. Ltd.
The MFI represented by a network of branches located in Yangon and Bago regions covering number of townships, wards and villages through well-organized offices in Insein, ThinGanGyun, Hlegu, Nyaung Lay Pin townships and Bago city.
For more information please contact us,
KhinThet Nanda Zaw
PR Officer
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