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Loan

Overview

We all want to grow our business successfully. However, getting the funds at the right time can be an obstacle. LOLC Myanmar Micro-Finance will ensure your business the financial support it needs. Make LOLC your partner in financing all your diverse business requirements through our specialized loans. Our unique loans are tailor-made to meet your business needs, no matter how big or small it is. We offer this loan with complete transparency and effective annual interest rates. Additionally, our loans do not require any collateral.

Individual Loan

The individual loan, who aims to make the most of profit through realistic expansion plans for an existing business. Our business loan will provide opportunities for your business to leverage financial difficulties, capitalize expenditures, net working capital, etc.

 

Micro Loan

Provide better for your family. Allow yourself to become more resilient through your efforts at your business by applying micro loan and the opportunity to make it through times of economic difficulty.

Employee Loan

Lessening employees’ money woes. Ease the financial stress so you or your employee can focus on work. This is not only to ease the financial burden of you and your employees, but also helps build retention.

Group Loan

Our general loan-group loan is a provision to small-to-medium entrepreneurs with financial difficulties to capitalize expenditures or net working capital. You can achieve your aims through access to the loan for improvement in your trade. To obtain such a loan, it is necessary to form a group of three or more.

Agriculture Loan

Farmers can capitalize in buying fertilizer, emerge agriculture machineries and gear, or nurturing livestock, etc. to either diversify or develop agricultural activities. The loans are delivered with a flexible repayment system based on real seasonal income of the agricultural industry.

Aquaculture Loan

As an aquaculture loan, we provide those who are doing livestock in their household business or commercial for their working capital or business expansion.

Thet Thar Loan

The Thet Thar Loan is directly connected with the client’s savings to us. We are creating it for our clients' ultimate benefit, who are saving with us, and the clients do not desire to withdraw their savings, even if they need money. Those types of clients can apply for the loan with the alleviating interest rate.

Business Loan

Entrepreneurs, who aims to making the most of profit through realistic expansion plans on existing business. Our business loan will open opportunities for your business to leverage financial difficulties or capitalizing expenditures or net working capital.

Business Loan - Individual Loan

The individual loan, who aims to make the most of profit through realistic expansion plans for an existing business. Our business loan will provide opportunities for your business to leverage financial difficulties, capitalize expenditures, net working capital, etc.

Individual Loan Features

Apply for an Individual Loan from LOLC Myanmar Micro-Finance and get funds up to 10,000,000 MMK through a fast disbursal.

Loan Amount                            - 2,000,000 MMK to 10,000,000 MMK

Repayment Tenure                  - 12 months to 60 months

Annual Interest Rate               - 28% per annual (Decline Method)

Payment Method                     - Monthly Repayment

 

Business Loan – Micro Loan

Micro loans are short-term loans with smaller loan amounts compared to individual loans that can be availed by self-employed, micro-enterprises, small businesses, and individuals with low capital requirements. 

Micro Loans are a type of small finance offered to micro entrepreneurs or low-income groups of families who have little or no access to financial or lending institutions for their working capital or business expenditures.

 

Micro Loan Features

Apply for a Micro Loan from LOLC Myanmar Micro-Finance and get funds up to 3,000,000 MMK through a fast disbursal.

Loan Amount                            - 100,000 MMK to 3,000,000 MMK

Repayment Tenure                  - 6 months to 48 months

Annual Interest Rate               - 28% per annual (Decline Method)

Payment Method                     - Monthly Repayment

Employee Loan

Our employee loan objective is to provide someone who has a regular salary income to support their financial needs, easing employees’ money woes. Reduce your financial stress so that you or your employee can focus on your work. This is not only to ease the financial burden on you and your employees, but also helps build retention.

Employee Loan Features

Apply for an Employee Loan from LOLC Myanmar Micro-Finance and get funds up to 10,000,000 MMK through a fast disbursal.

Loan Amount                            - 100,000 MMK to 10,000,000 MMK

Repayment Tenure                  - 6 months to 60 months

Annual Interest Rate               - 28% per annual (Decline Method)

Payment Method                     - Monthly Repayment

 

General Loan - Group Loan

Group lending is a unique financial service for low-income entrepreneurs. Group lending through microfinance programs has become a popular practice in many developing countries to address this issue. In group loan borrowers, people organize into self-help groups that collectively take out loans. All group members are responsible for paying them back.

Our general loan-group loan is a provision to small-to-medium entrepreneurs with financial difficulties to capitalize expenditures or net working capital. You can achieve your aims through access to the loan for improvement in your trade. To obtain such a loan, it is necessary to form a group of three or more.

Group Loan Features

Apply for a General Loan from LOLC Myanmar Micro-Finance and get funds up to 4,000,000 MMK through a fast disbursal.

Loan Amount                             - 100,000 MMK to 4,000,000 MMK

Repayment Tenure                   - 12 months to 24 months

Annual Interest Rate                - 28% per annual (Decline Method)

Payment Method                      - Bi Weekly / Four Weekly

 

Fulfill Loan

Our fulfill loan is designed to meet a client’s emergency needs such as household welfare, including catch-all assets, healthcare, and education, and for other emergency issues, an avenue to access additional financing in times of need.

Fulfill Loan Features

Apply for a Fulfill Loan from LOLC Myanmar Micro-Finance and get funds up to 300,000 MMK through a fast disbursal.

Loan Amount                          - 50,000 MMK to 300,000 MMK

Repayment Tenure                - Based on remaining install of existing facilities - 12 install for bi-weekly, 

                                                     8 install for four weekly

Annual Interest Rate             - 28% per annual (Decline Method)

Payment Method                   - Depend on loan types and terms

 

Agriculture Loan

LOLC Myanmar has mainly two loan categories under the agriculture title: agriculture loan and aquaculture loan. As an agriculture loan, we provide it to all farmers who are either farming on their own land or officially doing various crop types.

With our agriculture loan, farmers can capitalize on buying fertilizer, emerging agriculture machinery and gear, etc. to either diversify or develop agricultural activities. The loans are delivered with a flexible repayment system based on the real seasonal income of the agricultural industry.

Agriculture Loan Features

Apply for an Agriculture Loan from LOLC Myanmar Micro-Finance and get funds up to 10,000,000 MMK through a fast disbursal.

Loan Amount                             - 200,000 MMK to 10,000,000 MMK

Repayment Tenure                   - 6 months to 12 months

Annual Interest Rate                - 28% per annual (Decline Method)

Payment Method                      - Seasonal with bullet pay (Depend on the crop types)

 

Aquaculture Loan

As an aquaculture loan, we provide those who are doing livestock in their household business or commercial for their working capital or business expansion.

Aquaculture Loan Features

Apply for an Aquaculture Loan from LOLC Myanmar Micro-Finance and get funds up to 10,000,000 MMK through a fast disbursal.

Loan Amount                             - 1,000,000 MMK to 10,000,000 MMK

Repayment Tenure                   - 6 months to 12 months

Annual Interest Rate                - 28% per annual (Decline Method)

Payment Method                       - 1- Semi-annual (bullet pay) 

                                                        2- Bi-annual (Only interest payment after 6 months as 1st installments and      

                                                        Principle + interest on last installments)

 

Thet Thar Loan – Conjoin with Saving

The Thet Thar Loan is directly connected with the client’s savings to us. We are creating it for our clients' ultimate benefit, who are saving with us, and the clients do not desire to withdraw their savings, even if they need money. Those types of clients can apply for the loan with the alleviating interest rate.

Thet Thar Loan Features

Apply for Thet Thar Loan from LOLC Myanmar Micro-Finance and get funds up to 10,000,000 MMK through a fast disbursal.

Loan Amount                             - 25,000 MMK to 10,000,000 MMK

Repayment Tenure                   - 6 months to 18 months

Annual Interest Rate                - 18% per annual (Decline Method)

Payment Method                      - Four Weekly / Monthly 

 

About

LOLC Myanmar is a member of Sri Lanka’s LOLC Group of companies which was established in year 2013 as a green field operation.it currently operates in Yangon, Bago Magway , Mandalay, Sagaing regions and Mon state and the Shan state serving approximately 265694 clients, over 90% of whom are women. LOLC Myanmar is a deposit taking microfinance institution run by women (representing 75% of the staff) for women.