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Loan Details

    IKHTIAR FINANCING SCHEME

Amanah Ikhtiar Malaysia (AIM)
http://www.aim.gov.my

Objective

To reduce poverty in Malaysia through the provision of interest free microcredit facilities to the poor and low-income households to finance income-generating activities and thus improve their standard of living.

 

Eligibility

  • Malaysians above 18 years old
  • Low-income households (below RM3,850 per month)

 

Target Group

Women

 

Tenure

  • Minimum: 25 weeks
  • Maximum: 250 weeks

 

Interest Rate

10% of annual competitive administration charge

SKIM PEMBIAYAAN EKONOMI DESA-i

Bank Kerjasama Rakyat Malaysia Berhad (BKR)
http://www.bankrakyat.com.my

 

  • To increase the number of rural Bumiputera entrepreneurs in all dynamic and legal economic
  • To upgrade the business of rural Bumiputera entrepreneurs to be more dynamic, competitive and
  • To provide funding facilities for rural Bumiputera entrepreneurs in order to improve the rural
  • To provide a collateral-free funding scheme at a low instalment
  • To encourage the creation of Bumiputera Commercial and Industrial Community (BCIC) among rural

Eligibility

  • 100% Bumiputera
  • Age below 55 years old
  • Full-time entrepreneurs
  • Individuals / Business entities (Sole Proprietors / Partnerships / Sdn Bhd)

Target Group

Rural entrepreneurs

Coverage

To finance purchase of machinery & equipment, stocks or working capital and minor renovation of business premise.

 

Quantum of Financing

  • Minimum: RM 20,000
  • Maximum:
    • RM 250,000 (operation – 3 years and below)
    • RM 500,000 (operation – above 3 years)

 

Tenure

Maximum:

  • 5 years (operation – 3 years and below)
  • 7 years (operation – above 3 years)

 

Interest Rate

5% per annum (monthly basis)