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MICRO BIZ FINANCING (MBF)

Objective

  • To provide financial assistance and empower micro enterprises in Malaysia, facilitating their growth and success
  • To support capacity building and market expansion of micro enterprises

Eligibility Criteria

  • Certified as Micro Enterprise in MSME Status Certification from SME Corp. Malaysia  [MSME Status] [MSME Definition
    • Micro Enterprise registered with the SSM / Local Authorities / Agencies / Professional Bodies
    • At least 60% equity / ownership held by Malaysian
    • Possess a valid business licence issued by local authority
    • Minimum 24 months in operations
  • Business owners aged 55 and above are required to provide an additional guarantor who will be the successor of the business
Sector Open to all economic sectors except primary agriculture, financial, insurance, real estate, and securities trading sectors
Financing Amount RM50,000 – RM200,000
Financing Rate 2.0% per annum
Financing Tenure Up to maximum of 5 years and 6 months grace period
Margin of Financing Up to 100% of the total costs (as per eligible items).

Eligible Items

Working Capital:
  • Purchase of raw materials/stock/inventory/consumable items
  • Purchase/rental of IT hardware & software (including licensing & subscription fees)
  • Purchase/rental of small machinery/equipment
  • Renovation of business premises including purchase of fixtures & fittings
  • Operational Expenditure (OPEX) such as salary, utilities, rental & etc.
Contact Details

Malaysian Industrial Development Finance Berhad

Level 15, Menara MIDF 82

Jalan Raja Chulan

50200 Kuala Lumpur

Tel: 603-2173 8888

Programme Info

https://www.growyourbusiness.com.my/financing/small-medium-enterprises

Online Application

https://microbiz.financing.growyourbusiness.midf.com.my/

Download Brochure

Micro Biz Financing (MBF) Brochure [PDF]

Website

http://www.midf.com.my/

 

 

 

 

 

 

CONTACT US

SME Corporation Malaysia
Level 6, SME 1, Block B 
Platinum Sentral
Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur

Info Line: 03-9213 0077
Fax Line: 03-2775 6001
Email: info[at]smecorp[dot]gov[dot]my

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