In accordance with the guidance of National-Level Committee on Prevention, Control and Treatment of COVID-19, microfinance organizations in Yangon Region, Bago Region and Rakhine State which are primarily impacted by COVID-19 will postpone recollecting of their loans and interests to be paid by their members in November and December to the end of April 2021.
The members will have to repay the loans and interests in instalments between May and October 2021. The Myanma Economic Bank will help microfinance organizations to prevent their losses by providing zero-interest loans for one year.
Financial Regulatory Department
Ministry of Planning, Finance and Industry