KUALA LUMPUR: MCA has launched a RM50 million micro-credit fund for Malaysian youths to kick start their own businesses.
1MCA Microcredit Fund for Youth is targeted at young Malaysians aged between 21 and 45 years and will give out maximum loans of RM20,000. Successful applicants will have to repay the loan within five years at an annual seven per cent interest rate.
MCA president Datuk Seri Dr Chua Soi Lek said priority would be given to MCA and non-governmental organisations' members as well as single parents.
Application forms can be downloaded from the MCA website at www.mca.org.my.
Dr Chua said successful applicants would be taught business know-hows free of charge.
Read more: RM50m micro-credit fund for the business-savvy - General - New Straits Times http://www.nst.com.my/local/general/rm50m-micro-credit-fund-for-the-business-savvy-1.33778#ixzz1jo9FTWuG
Read more: RM50m micro-credit fund for the business-savvy - General - New Straits Times http://www.nst.com.my/local/general/rm50m-micro-credit-fund-for-the-business-savvy-1.33778#ixzz1jo96IyTq
