Corporate News

Memorandum of Understanding Signing Ceremony between AYA Bank and Smart Myanmar

Posted on January 31, 2019

A Memorandum of Understanding signing ceremony between AYA Bank and Smart Myanmar (A Project implemented by German Organization “Sequa”) was held on 30th January 2019 at 9 am at AYA Bank Limited (Headquarters), Yangon, aiming to jointly analyze environmental support projects that can provide financial services, to initiate pilot projects and to encourage more environmental loans programs in the coming years. 

At the ceremony , U Myint Zaw, Managing Director of AYA Bank, delivered a welcoming speech in which “ We are excited to support Green Financing in which businesses can thrive to create a greener environment and also is a new objective for us”. All invited dignitaries and distinguished guests attended the said ceremony. AYA Bank has been providing financing services such as AYA SME Loan and JICA Two Step Loan for SME Entrepreneurs. 

SME entrepreneurs can apply for AYA SME Loan with a loan tenure from 1 to 3 years with a maximum of  500 million Kyat in order to expand business and operate business as usual. With collateral free CGI (Loan Guarantee) system, AYA SME Loan and JICA Two Step Loan can be applied and obained through a loan guarantee services from USAID for myanmar insurance and agricultural sectors.

 

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