Thursday, June 12 2014, 3:40 PM

The MIKRO-i Financing scheme is designed with the sole purpose of making funds available to hawkers, petty traders and small
businesses to expand and improve their businesses.

Features


Direct financing to members of cooperative / Hawkers and Petty Traders Association members.

Operating micro enterprises.

Must be a member of Kumpulan Bantu Diri (KBD)*.

Flat profit rate of 11.25%.



*KBD is a group of individuals of 5 to 10 people.

Type of Businesses

Financing is offered to members of cooperative / Hawkers and Petty Traders Association members who are involved in these
business segments:


Wholesale and retail.

Manufacturing

Services.

Other sectors recognised by Bank Rakyat.



Eligibility


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Malaysian Citizen.

Cooperative Members/ Hawkers and Petty Traders Association Members

Single proprietorship, partnership, private limited companies.

18 years old and not more than 65 years old at the end of the financing period.

Reside in the area of business operation.

KBD members who have a good repayment record (arrears of not more than 4 weeks).



Payment Method


Savings account deduction.

ATM / CDM machine.



MIKRO-i Financing Scheme (MUsK) - Micro Enterprise Fund (MEF)


Same features as MUsK.

Flat annual profit rate of 8.25%.

Bank Negara Malaysia approval required.



Product Disclosure Sheet

PDS Pembiayaan Mikro-i (MuSK) (.pdf format)
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