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1 CEO FORUM VIII DECEMBER 5 – 7 THIMPHU, KINGDOM OF BHUTAN.

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Presentation on theme: "1 CEO FORUM VIII DECEMBER 5 – 7 THIMPHU, KINGDOM OF BHUTAN."— Presentation transcript:

1 1 CEO FORUM VIII DECEMBER 5 – 7 THIMPHU, KINGDOM OF BHUTAN

2 MICROFINANCING IN THE DEVELOPMENT OF ENTREPRENEURS

3 A MICROFINANCE INSTITUTION IN MALAYSIA INTRODUCING TEKUN NASIONAL MALAYSIA

4 MFIs IN MALAYSIA MFI GOVERNMENT AGENCY/INSTITUTION BANKS BSN & 9 FIs Agro Bank Bank Rakyat TEKUN Nasional MARA AIM

5  TEKUN Nasional is Company Limited by Guarantee registered in 1998  TEKUN is under the supervision of the Ministry of Agriculture & Agro-Based Industry (MOA) TEKUN NASIONAL

6 GOVERNMENT OF MALAYSIA NEW ECONOMIC POLICY To Generate Income, Creating Wealth & Enhancing Standard of Living.

7 Objectives of TEKUN NASIONAL To provide start-up fund and additional capital for small business/ entrepreneurs in the form of microcredit

8 TEKUN Nasional as a strategic and ideal entrepreneur development institution To provide Micro Financing And Entrepreneurship Development Support Services VISION MISSION

9 TEKUN NASIONAL Roles Entrepreneurship Information Business Opportunities Financing Facilities Advisory Services Business Support Entrepreneurs Networking

10 PERFORMANCE FROM 1998 – 31 OCT LOAN AMOUNT RM 1.85 billion (USD529.1 million) NUMBER OF LOANS 245,933 NUMBER OF BORROWERS 196,053

11 SOURCE OF FUND Total Fund Received From The Government In The Form of Loan : 1999 – 2011 RM 1.3 Billion Total Loan Disbursement RM 1.85 billion

12 FINANCING OFFERED Loan Amount :RM 500 – RM 50,000 (USD 154 – USD14,286) Repayment :1 month – 5 years Service Charge :7.6 % per annum Savings :5% of the loan amount per annum (loan tenure) Repayment :Monthly / weekly Method of repayments :Loan Officers (Collectors), TEKUN Mobile, Business Centres, appointed banks, Post- dated Cheques

13 ELIGIBILITY  Bumiputera (indigenous)  Aged 18 to 65 years old  Have viable business or business plan  Posses valid business license/permit  Specific place to run the business  Directly involved in the business  Existing business loan not exceeding RM 50,000 (USD14,286) * We do pre sanction visit

14 SAVINGS  Compulsory savings imposed on borrowers ;  The amount of savings is 5% of the loan amount per year (loan tenure)  The savings amount is included in the weekly/monthly repayment;  Withdrawal of savings is only allowed when the loan is fully settled.

15 GUIDANCE AND ADVISORY  Experienced staff/officer to provide guidance and advice to borrowers ;  Monitor the development of the business ;  To find new market for the products  Business skills through training  Advise on business improvement.

16 BASIC ENTREPRENEURSHIP COURSE

17 BUSINESS OPPORTUNITIES  TEKUN provides business opportunities to new entrepreneurs via Smart Partnership programme between ‘anchor company’ and TEKUN Nasional  Business activities such as contract farming, retail, beauty saloon, frozen food etc.

18 TEKUN ENTREPRENEURS COMMUNITY  As a platform for entrepreneurs to know each other and develop networking  To market their products  To find suppliers

19 BUSINESS CENTRES To provide information on : : business opportunities : roles of other agencies Entrepreneurs discussion / meeting point 8 BCs have been in operation 4 BCs to be operational soon Located in major towns

20 BUSINESS CENTRES

21 ENTREPRENEUR DEVELOPMENT PROGRAMS Business Opportunities Programs ( Mentor Mentee Program ) Graduate Entrepreneurs Development Women Entrepreneurs Development ( Home Based Program ) Income Enhancement Program

22 TEKUN NASIONAL Entrepreneur Development Programs Entrepreneurs Development for Ex- Prisoners & Drug Addict Entrepreneurs Development for Poverty Eradication Entrepreneurs Development for Indian Youth ( SPUMI )

23 HOME BASED PROGRAMS

24 GROUP FINANCING

25 POVERTY ERADICATION PROGRAM

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27 SPECIAL PROGRAMME SECOND CHANCE PROGRAMME PRISON / DRUGS AGENCY SPECIAL GROUP REQUIRED TO ATTEND COMPULSORY COURSE CONDUCTED BY TEKUN MALACCA GOVERNMENT POVERTY FINANCING SCHEME MAKSIMUM RM5,000 TO POOR AND HARDCORE POOR

28 KEDAI TEKUN ( RETAIL SHOP ) Opportunities for entrepreneurs to display and sell their products Financing offered to operators

29 29 TEKUN Nasional’s Roles In Supporting SMEs Financing

30 30 Groom Big Exit Policy TEKUN’s Entrepreneurs being successful in their businesses ( with good business and payment track record) and need to expand may gain access/recommended to Financial Institutions supporting/financing SMEs thus continuing to provide facilities (with larger loan size) and will no more be classified as microcredit. ( Institutions involved :- MARA, SME Bank, Bank Pembangunan, PNS, AGRO Bank, etc) ENTREPRENEURSHIPDEVELOPMENT

31 Noridah Hitam Retail and tailor 1 st Loan : RM5, nd Loan : RM15, Sales Before :RM9, / month After :RM15, / month

32 Hamidah Mohd. Amin COSMETICS & BEAUTY CENTRE 1 st Loan : RM5, nd Loan : RM21, Sales Before: RM 70, / month After: RM120, / month

33 Rosli bin Ahmad chillies 1 st Loan : RM50, Sales Before : RM / month After : RM3,500 / month

34 Johan bin Kosnin Kulai, Johor 1 st Loan : RM 10, Sales :RM70, / month

35 Md Amil bin Hassan Simpang Renggam, Johor 1 st Loan : RM20, Sales Before :RM20, / month After :RM50, / month

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