Credit Guarantee Service (CGS)
Expand your business by getting loans without underlying collateral. SME CGS Loan scheme is a special financing scheme for the development of Myanmar SMEs. You can receive financing under SME CGS scheme without collateral and the maximum loan amount you can apply is MMK 500 millions.
Loan Amount
Maximum Guarantee amount up to MMK 500 millions
Loan Period
Maximum Guarantee period of 1 year
Rates and Fees
Please contact us support@mcapital.com.mm for further information
What do we need to apply?
Business / Company Profile
- Company Certificate of incorporation or Company License
- Company Extract
- Directors’ resolution (meeting minutes)
- Company Audited Financial Statements (minimum 2 years)
- Tax returns (minimum 2 years)
- Business Plan (including cash flow projection)
- Cover letter with company letterhead for purpose of loan
Personal Profile
- Applicant’s NRC / FRC or valid Passport
- Household Registration and proof of residence (utility bills)
- Two Passport Photos
- Reference letters from respective ward administration office
Frequently Ask Questions
Is a startup company eligible to apply?
+ x- Generally speaking: No. An SME with minimum 2 year experience is eligible to apply. However Mandalay Capital will consider the urgency of application based on supplementary documents and other macroeconomic situations otherwise.
The business has been running for 2 years, but the tax has been paid only for a year. (In some cases, not even a year.) Is such a business eligible to apply?
+ x- Yes. For those businesses that have not paid tax yet, they can apply for a credit guarantee service after paying withholding tax.
What is the required underlying collateral for credit guarantee service?
+ x- We need at least one of the following criteria,
- Cash (Fixed Deposits)
- Securities (Treasury Bonds and/or Bills)
- Government Contracts and Multilateral Projects (PPP, PPA, etc.)
Can I get credit guarantees (without collateral) from Mandalay Capital?
+ x- Generally, “No” since Mandalay Capital mainly focus on secured lending and strict cash flow financing. However Mandalay Capital will consider the urgency of application based on supplementary documents and other macroeconomic situations otherwise.
