<p>Agri-logistics firm Sohan Lal Commodity Management (SLCM) has tied up with Myanmar’s United Amara Bank for collateral financing in Myanmar. The step aimed at strengthening the network for providing collateral management solutions to farmers, processors, traders, exporters & importers across Myanmar.<br><br>Sandeep Sabharwal, SLCM Group CEO said, “Our process-oriented model has been successful in India where scientific warehousing is gradually becoming a priority. Collateral financing has been a challenge in Myanmar but recently we have seen a paradigm shift in the policies & economy, especially relating to agriculture and collateral financing. Myanmar is an important region for pulses production as India imports 70 per cent to 80 per cent of its pulses from Myanmar. As per our strategy this fiscal, we are expanding into key geographies to replicate our model and this is another step towards this goal.”<br><br>United Amara Bank will offer their customers financing for their commodities which will be stored at SLCM managed warehouses for a stipulated period. SLCM would undertake sampling, testing, grading, assaying, fumigation, aeration and quality certification of the commodities to ensure the quantity & quality of the pledged commodities.<br><br>Than Win Swe, CEO, United Amara Bank said, "A collateral management Scheme will allow us to explore expanding this activity and provide more options for our customers."<br><br>Myanmar, where collateral based lending is limited mostly to land holdings, the recent shift of banks to include stock and goods as collateral is a landmark achievement.<br><br>(BW Online Bureau)<br><br>Through the initial tie-ups with Yoma Bank and C B Bank, SLCM has enabled disbursement of loans amounting to $625,000 and have managed 110,000 sq feet of space, 14 different commodities with a throughput of approx. 4.5 MT since commencement.<br><br>With this, SLCM becomes the only warehousing & collateral management services provider in Myanmar & has tie-ups with three leading nationalised banks including Yoma Bank, C B Bank & United Amara Bank.</p>
_20241107190609_original_image_13.webp)
_20241107185854_original_image_29.webp)
