MEB Will Lend K250 Billion to Local SMEs
Myanma Economic Bank (MEB) will provide funds to SMEs in the the manufacturing, production and trading, import substitution, recycling and energy saving and services sectors.
MEB has a two-step loan with an interest rate of nine percent, a part of their SME loan program.
Borrowers able to utilize property as collateral will be able to access K300 million. Variations of loan terms include:
- Three-year loan term, grace period of one year.
- Four-year loan term, grace period of 18 months.
- Five-year loan term, grace period of two years.