Modal Usahawan 1 Malaysia Dana Mikro Enterprise (Bank Negara Malaysia) (MUS1M MEF) Modal Usahawan 1 Malaysia Dana Mikro Enterprise (Bank Negara Malaysia) (MUS1M MEF)

Provide credit to micro entrepreneurs to undertake economic activities involving agriculture and agro-based activities covering all stages of production , processing, services, marketing and consumer needs under the allocation of funds by Bank Negara Malaysia (BNM ).

Financing Conditions

  • Malaysian citizen aged 21-60 years on the date of application
  • Full/part time Is a micro entrepreneur
  • Has been running a project / business more than 1 year
  • Have the approval from the authority as a license / permit / lease agreement of land /etc

Financing Limits

  • Up to RM50,000

Repayment Period

  • Up to 60 months

Terms of Guarantee
Required for :

  • New applicants / less than 12 months dealing with Agrobank
  • Financing in excess of RM20,000


Documents Required

  • NRIC photocopies of the applicant and spouse
  • A copy of the business registration / trade license
  • Copy of rental of premises / land
  • Utility bills for 3 months
  • Passport size photo
  • 3 months salary slip
  • Statement of savings accounts / investment

Interest / Profit Rate

Definition of Micro
http://www.smecorp.gov.my/vn2/node/37?language=en

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