Myanmar MFI Hayman Capital raises $2m debt from Swiss Symbiotics SA

Hayman Capital raises USD 2 million debt investment

Hayman Capital, a Yangon-based microfinance company, has finalised a USD 2 million debt investment from Swiss investor Symbiotics SA. According to an article in Dealstreet Asia, the funds will be used to support the company’s operations in the country. Also it aims to reach a further 15,000 new clients in the trading, production, agriculture and service sectors. “We are committed to continuing our expansion in order to reach the unbanked population in this country and provide competitive financial services to them,” said Sultan Marenov, managing director and CEO of Hayman Capital. The company was established in 2014 and operates out of 14 branches in Yangon, Bago, Mandalay and Ayeyarwady regions. Total assets of the company are worth USD 18.05 million. According to its website, Symbiotics aims to positively impact low- and middle-income in emerging and frontier economies.

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