Local online logistics firm Kargo has signed an SME loan agreement with Yoma Bank worth USD 130,000 (MMK 200 million). A press release said that the loan is aimed at resolving cash flow issues among small and medium enterprises (SMEs). The business model will be based on Kargo’s accounts receivable. “With Yoma Bank’s support, we will be able to fuel our growth, business growth and driver’s income,” Alex Wicks, founder and CEO of Kargo said in the release. The move is also part of Yoma’s aim to support SMEs in the country, said Hal Bosher, the lender’s CEO. “Unsecured financing is solely based on cash flow of the business and is a progressive way of supporting smaller enterprises,” Bosher said. Kargo was established in 2016, and has received funding from angel investors and SEED Myanmar, a Singapore-based venture capital company.