What can I get from MIDF Micro Biz Financing (MBF)?
This microfinancing by MIDF offers business owners financing amounts from RM50,000 up to RM200,000 maximum over tenure periods of 5 years with up to 100% margin of financing. Additionally, the financing rate would be 2% per annum (monthly rest).
When your application for MIDF Micro Biz Financing (MBF) is approved, you can boost your business by providing great solutions to:
- Enhance your working capital
- Facilitate purchases of raw materials, small assets, IT hardware and software
- Improve operational expenditure and efficiency
What are the eligibility criteria to apply for this microfinancing?
To apply for MIDF Micro Biz Financing, your business must have the following eligibility criteria.
- Registered with SSM/local authorities/agencies/professional bodies
- At least 60% equity/ownership held by a Malaysian
- Have a valid business license issued by the local authority
- Minimum 24 months in operations
- Obtained MSME Status Certification from SME Corp Malaysia
- Open to all sectors, except agriculture, financial services, real estate and insurance
