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Myat Kyun Thar Microfinance Ltd, a microfinance institution, incorporated in January 2014 under the Myanmar Company Act and obtained Temporary License in August 2014 to operate Microfinance Business and obtained proper License in November 2015 from government, Deposit –Taking Institution with Paid-up Capital of 5 Billion Myanmar Kyats.
MKT operates its business mainly in Dry Zone as Mandalay Division, Sagaing Division focusing on Low –income people in poverty and SME to develop the living standard as well as providing opportunity to expand their existing business with best financial services without any collateral from clients.
As of January 2017, MKT has over 150,000 active clients and operating 20 branches in Mandalay, Sagaing, and Ayeyarwaddy Division. There are over 420 staffs in MKT and we are planned to open new branches in Bago Division and Shan state in 2017-2018.
Vision
To empower the Low-income particularly in rural areas to take greater control of their own lives and significantly improve their standard of living by increasing their opportunities for making productive economic investments.
Mission
To improve income in agricultural, commercial and manufacturing enterprises in the rural areas by providing loans at reasonable interest rates and encouraging savings, and specifically targeting women and Low income families in order to help them achieve a higher income.
Head Office (YGN)
Our Loan and Saving Products
We provide Loan to individual or Groups. | Loan Period: 4 months, 6 months, 12 months | Loan Interest: Interest is calculated as decline method.
General Loan
Amount: From 200,000 MMK ~ 2,000,000 MMK (based on loan cycle)
Maturity: 1 Year
Annual interest rate: 28%
Special Loan
Amount: From 200,000 MMK ~ 2,000,000 MMK (based on loan cycle)
Maturity: 1 Year
Annual interest rate: 28%
Agriculture Loan
Amount: From 200,000 MMK ~ 2,000,000 MMK (based on loan cycle)
Maturity: 1 Year
Annual interest rate: 28%
Micro Enterprise Loan
Amount: From 200,000 MMK ~ 2,000,000 MMK (based on loan cycle)
Maturity: 1 Year
Annual interest rate: 28%
Saving Product
Compulsory and Voluntary Saving (Interest Rate is 1.25 % per month)
Our CSR Activities
Myat Kyun Thar Microfinance Ltd , suppose to different loans to rural people . That we have several loans such as Sesonal Loans for Agriculture and Bi-weekly Loans for Empower women . Moreover , We have supposed to give a training to rural people to get more knowledge for doing own small business.
