Micro Financing-i (MUsK)

  • Shariah Concept
     Tawarruq
  • Eligible Economic Sector
    • Agriculture
    • Services
  • Loan Size 
    RM1,000 – RM50,000
  • Eligible Customers
    • Members of cooperatives
    • Self-employed individuals
    • Micro enterprises
  • Purpose of financing
    • Working capital
    • Capital expenditure
  • Provide easy access to financing
  • Simple loan procedures allowing for fast disbursement
  • Incentives to encourage good repayment practices
  • Takaful / Insurance protection provided by Bank
  • Training and guidance for borrower development is provided
  • Members of cooperatives and Hawkers and Petty Traders Association
  • Full-time Micro enterprises
  • At least with 2 years business experience
  • Age between 18 - 65 years old
  • Place of residence is within the business vicinity
  • Belongs to a self-help group
  • Have valid business license / permit / registration
  • Copy of MyKad
  • Recommendation letter from panel  cooperatives and self-help group members
  • Proof of business operations
    (e.g. business registration / license / permit)
  • Proof of income
    (e.g. bank statement)