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Business trends

Myanmar's urban dwellers get a taste of credit

Consumer, auto and home loans take off in nation with per capita GDP of $1,300

Aeon Microfinance (Myanmar) is bringing consumer loans to urban areas. This shop is in Yangon, Myanmar's largest city.

YANGON -- More consumers in urban Myanmar are taking out loans to buy electronics, cars, even homes.

A purple logo -- that of Japan's Aeon Financial Service, a provider of small loans to consumers who pay back the money in installments -- is becoming easy to spot at one Yangon shopping center, especially at appliance and cellphone stores.

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