MADANI BELIA-i
MADANI BELIA-I FOR YOUNG ENTREPRENEURS
BSN Micro-i Madani Belia is a micro financing facility for young micro entrepreneurs who need financial assistance to expand their businesses.
30 years and below
For youth-owned micro enterprises operated by eligible young entrepreneurs.
3.50% to 4.00%
Fixed annual rate for clearer repayment planning.
1 to 7 years
Financing tenure available for young micro entrepreneurs expanding their business.
RM2,000 to RM100,000
Minimum and maximum financing amount available for eligible micro entrepreneurs, subject to approval.
FUNDING FOR PRACTICAL BUSINESS NEEDS
Use MADANI BELIA-i for the same core business needs listed by BSN: working capital, capital expenditure, and renovation.
1.
Working capital
Support inventory, cash flow, operating expenses, and day-to-day business requirements.
2.
Capital expenditure
Finance business assets, equipment, tools, technology, or other capital expenditure needed for expansion.
3.
Renovation
Improve business premises and create a better operating environment.
PREPARE BEFORE YOU APPLY
Check the core eligibility points and prepare the documents needed for financing review
Youth-owned micro enterprises
Open to Sole Proprietorship, Partnership, Limited Liability Partnership, and Private Limited companies that are at least 51% owned and operated by youth aged 30 years old and below.
Malaysian owned and registered
The business must be Malaysian owned and registered with the Companies Commission of Malaysia (CCM), Local Authority (LA), Professional Body, or relevant agency.
Self-employed professionals
Self-employed applicants, including professionals such as accountants, doctors, and lawyers, may be eligible when properly registered.
3 months operation
Business must have been in operation for at least 3 months, based on the business category and type.
Documents to prepare
Prepare NRIC copies for proprietor, partners, or directors; valid business registration, business license, or professional certificate; latest 3 or 6 months bank statements; electricity and water bills for the business premises; and any supporting documents required by the bank.
EMPOWER YOUNG ENTREPRENEURS WITH BSN MICRO FINANCING
Register your interest and let BeanSE guide you through the next step for MADANI BELIA-i financing.
