What can I get from MIDF Micro Biz Financing (MBF)?
This microfinancing by MIDF offers business owners financing amounts as low as RM50,000 up to RM200,000 maximum over tenure periods of 5 years, excluding a grace period of 6 months as well as 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 micro financing?
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
