KELANA JAYA, Dec 20 (Bernama) — Credit Guarantee Corporation Malaysia Berhad (CGC) is offering its BizBina-i financing to assist micro, small and medium entrepreneurs (MSMEs) whose business operations have been affected by the recent floods. This financing scheme availed to all CGC existing MSME customers is geared to alleviate the financial burden and assist them in resuming their business operations following this natural disaster.
BizBina-i is a direct financing scheme that enables MSMEs to secure financing up to RM200,000 (subject to terms and conditions) with a tenure of up to 5 years and 6 months (inclusive of a 6-month moratorium on both principal and profit). MSMEs can leverage the BizBina-i facility for working capital and/or asset acquisition which will enable them to repair and purchase assets for commercial use as well as to replace damaged assets during the floods. More information on the BizBina-i financing facility is available at https://www.cgc.com.my/direct-financing/.
http://mrem.bernama.com/viewsm.php?idm=42002