Businesses facing repercussions from COVID-19 can apply for loans from the COVID-19 Fund online, according to the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).
Applications can be sent to the UMFCCI and state/regional merchant and industry associations between 29 March and 9 April. Applications can also be sent online to https://umfccicovid19loan.mitcloud.com starting from 2 April.
Applications can also be submitted at the UMFCCI or state/regional associations in person. For more information, please contact 09-677727403, 09-677727404, 09-777727405, on Viber, Hotlines and email [email protected].
To remedy the economic impacts caused by Coronavirus (COVID-19), CMP enterprises, hotels and tourism services, along with small and medium enterprises (SMEs), are designated as priority sectors that need assistance, and a COVID-19 Fund of K100 billion has been set up by the Union Government to distribute loans to them.
The loans will be provided to enterprises that are included in the priority sector at an interest of 1% for a one-year period.—Ko Htet (Mirror)
(Translated by Zaw Htet Oo)
