Bank Rakyat Micro Financing - I (ME2)
Objective
Bank Rakyat Micro
Financing-i (ME2)
The Micro Connector Programme is an initiative under the Program Pembangunan Perniagaan Usahawan Mikro (BizME) designed to enhance the efficiency and productivity of micro enterprises. This programme is implemented through Delivery Partner appointed by SME Corp. Malaysia comprising companies that offer competitive skills packages and technical support through training in selected focus areas.
Objective
Offering financing to entrepreneurs and small businessmen that offers micro enterprise in the form of :
- Working Capital : Finance the purchase / service or stock payment that is related directly with the product / services that is being carried out.
- Capital Expenses : Financing fixed assets purchase
Product features
Products
Features
Maximum total financing up to RM50,000.
Margin of financing up to 90% of working capital and/or capital expenses.
Profit rate of 5% per annum on a flat rate basis.
Duty stamp fee is borne by the customer and deducted from the approved amount.
Financing period from a minimum of 3 months up to 5 years.
No guarantor required, except for Private Limited Company applicants.
No processing fee and no collateral required.
Overlapping financing with other schemes is not permitted.
Application requirements
Who Can Apply
Applicant
Malaysian citizen, aged 18–65 across the financing tenure.
Runs a micro enterprise directly and full time.
Holds a valid business license, permit or registration.
Clean credit record and not blacklisted.
Holds a Bank Rakyat Savings-i account.
Business
Sole proprietorship, partnership or Private Limited Company.
Operating for more than 6 months, based in the registered business area.
In manufacturing, services, or basic agriculture (excludes insurance and financial services).
Activities carried out in line with Shariah principles.
Supported by SME Corp to apply for financing from Bank Rakyat.
