Joint Liability Group
This loan serves micro-entrepreneurs in groups of 3 to 6 members. With amounts ranging from MMK 150,000 to 1,000,000 (USD 71 to 476), loans start small but build as clients develop the capacity of their businesses. The group guarantee is ideal for clients who do not have the collateral required for traditional bank loans. Loan tenure varies from 6 to 12 months and fortnightly or monthly repayments in the community fit our clients’ busy schedules.
Shweyaung Anagat Loan
Individual Small Enterprise
This loan, whose name means Golden Future, is designed for small enterprise owners with a dream to expand their businesses. Loan amounts vary from MMK 1,000,000 to 10,000,000 (USD 476 to 4,762) and run for periods of 6 to 24 months. Affordable interest rates and accessible conditions make this the premiere small business loan in upper Myanmar.
Doh Taungthu Loan
Farmer Group Loan
This loan matches the terms and conditions of the Marharmate group loan but has a repayment schedule and appraisal process that better matches the needs of farming households. Clients repay the principle of their loan over installments scheduled during the harvest season. This loan allows farming families to invest in their crops or cover important expenditures between harvests.
Shwe Thinan Loan
Individual Agriculture Loan
The name of this loan means Golden Harvest and it is designed for the investment needs of small, commercial farmers. Loan amounts range from MMK 700,000 to 5,000,000 (USD 333 to 2,380). Repayment terms are structured over the harvest season.
Tha Pyay Saving
This account gives clients easy access to their savings from any Alliance branch. With minimal fees and a 10% annual interest rate, this account is great for managing the daily cash of a family or business.
There is also a feature for clients to make regular deposits following a plan that matches their loan repayment schedule. If clients follow the plan, they will benefit from 14% annual interest on regular deposits.
There is also a feature for client to make term deposit. Higher interest rates will be incurred depend on the length of term deposit. Interest rates are 12% annually for 4 – 8 months 13% annually for 9 – 12 months and 14% annually for 13 – 24 months.
Alliance works with clients to improve their financial literacy and better manage their money. Financial education messages are built into all loan processes, using flip charts, illustrated stories and videos to pass on important lessons. This approach ensures all clients receive financial education starting from their first interactions with Alliance while reducing spent in extra training sessions. For small enterprise clients, Alliance also offers additional business management workshops for entrepreneurs who want to develop their business to the next level.