Myanmar Digest: Yoma loan for Kargo; AsiaCarGroup sets up local platform

Photo: Juliet Shwe Gaung. Downtown Yangon.

Myanmar-based Kargo, an online platform that connects truck owners with businesses and individuals, has secured a $130,000 loan from Yoma Bank while Australia’s AsiaCarGroup has activated a Myanmar platform for trading of cars.

Kargo raises $130K loan from Yoma Bank

Logistics startup Kargo from Myanmar has received $130,000 as loan support through Yoma Bank’s unsecured SME financing scheme, according to an announcement.

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