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Government Koperasi Loan for Chinese

The purpose of this Government Koperasi Loan is to help Malaysian Chineses small hawkers and small traders in need create business opportunities through micro-loans to improve their living standards.

The foundation will carry out activities that can benefit hawkers and small traders. However, the main project is to operate a micro credit scheme declared by the YAB Prime Minister in the 2015 Budget. The government has provided a soft loan of 70 million ringgit for Chinese hawkers and small traders. Currently, the foundation will help the government to handle micro credit of Chinese hawkers and small traders.

Image by Aurelien Romain

Malaysia Government provide Micro Credit Lower Interest (4% only) Scheme For Chinese Hawker, Startup, Transformation, Petty Business
 

The Government Koperasi Loan have 2 funding scheme:

Micro Credit Scheme
upto 20k for hawkers or small trader which wanted startup a new business or expand exiting business or purchase new machines and furniture etc. Click here

Tranformation Scheme
upto 50k for hawker or small trader wanted to transform or upgrade their business to another level like from Retail to e-Commerce setup app or website, from hawker to retail shop or from hawker store to be cafe with air condition. Click here

 

Micro Credit Scheme

Terms and conditions of the Micro Credit Scheme

 

For Applicants

 

  1. Applicants must be registered as hawkers or petty traders with the Companies Commission of Malaysia (SSM) and local authorities (PBT) in Peninsular Malaysia and only registered with PBTs in Sabah and Sarawak 

  2. Aged between 18 to 60 years; Malaysian Citizen (Non -Bankrupt)

  3. Recommended by the Hawkers and Petty Traders Association or a registered Business Association

  4. Loan limit from RM 5,000 to RM 20,000

  5. Interest rate of 4% per annum

  6. Installment period from 2 to 5 years (24 to 60 months)

  7. The method of repayment of installments is through the designated bank branches.

  8. Malaysian Chinese (Non bankruptcy)

 

For Guarantors

 

  1. Malaysian Citizen (Non -Bankrupt)

  2. Aged between 18 to 60 years

  3. Minimum income of RM1,500 per month

20k.jpg

Required Docs:


Applicant:

  • Your Application Form

  • IC (front & back)

  • SSM ❗1 Day register can apply too (home based /ANY applicable too)

  • Business License (If available; if no ignore)

  • Passport size photo  x 1 

  • One Copy of Current house Water or Electricity bill

  • Letter of Recommendation from Hawker & Petty Trader Association, Government Agencies or any NGO (Optional)

 

  • Indoor  or  Outdoor Business Activities /Home Based /any relevant photo x 3~2 each :

  1. Signboard (if no signboard, print out A4 show co.name) +with applicant

  2. In/Outdoor Business Activities Look@Tools @relevant

  3. Applicant  +  doing business activitities @with business place ☆ Business Photos depends on industry, & as business proof only!

Guarantor :(Any race; Malaysian with Income min. RM1500) 


- IC (front & back)


- Passport size photo  x1


- Either the following (1) or (2)

(1) Income Tax (Latest)/
(2) Latest 3 months Payslips  -and-  latest EPF statements (showing contribution amount match payslip)

Prepare All docs , Contact Ricky 011-1147375 or text http://chatnow.my/6011-1147375 , for further guideline.  My side to clarify at 1st & pre.check ALL before submission

 

 

Transformation Scheme

Terms and conditions of the Transformation Scheme

For Applicants

  1. Applicants must register as hawkers or petty traders with the Companies Commission of Malaysia (SSM) and local authorities (PBT) in Peninsular Malaysia and only registered with local authorities in Sabah and Sarawak;

  2. Aged between 21 and 55 years old;

  3. Malaysian Chinese Citizen (Not Bankrupt);

  4. Loan limit from RM 30,000 to RM 50,000;

  5. Interest rate of 4% per year;

  6. Instalment period from 3 to 5 years (36 to 60 months);

  7. The method of repayment of the instalment is through the designated branches of the bank.

For Guarantor

 

  1. Malaysian citizen (Not Bankrupt);

  2. Aged between 21 and 55 years old;

  3. Minimum income of RM4,000 per month

50k.jpg

Required Docs:


Applicant:

  • Your application form (completed Part A & Part B Business plan) 

 

  • IC (front & back)

 

  • SSM (registered more than 6months with company.bank statements)

 

  • Business License (If available; if no ignore)

  • 3 months latest Company Bank Statement

  • Some copies of sales receipts, bills, Quotation /Invoice 

  • Passport size photo  x 1 

  • One Copy of Current house Water or Electricity bill 

  • Letter of Recommendation from Hawker & Petty Trader Association, Government Agencies or any NGO (Optional)

  • Indoor  or  Outdoor Business Activities /Home Based /any relevant photo x 1~2 each :

  1. Signboard (if no signboard, print out A4 show co.name) +with applicant

  2. In/Outdoor Business Activities Look@Tools @relevant

  3. Applicant  +  doing business activitities @with business place ☆ Business Photos depends on industry, & as business proof only!

Guarantor :(Any race; Malaysian with Income min. RM4000) 

 

  • IC (front & back)

  • Passport size photo  x1

  • Either the following (1) or (2) :

  1. Income Tax (Latest)

  2. Latest 3 months Payslips  -and-  latest EPF statements (showing contribution amount match payslip)

Prepare All docs , Contact Ricky 011-1147375 or text http://chatnow.my/6011-1147375 , for further guideline.  My side to clarify at 1st & pre.check ALL before submission

Total 70 Million Has Benefited MORE THEN 10,000 CHINESE COMMUNITY