Sarawak Economic Development Corporation
"PROSPERING SARAWAK TODAY FOR TOMORROW"
Sarawak Micro Credit Schemes 1 (SKMS 1)
Objective
To assist small businesses to expand their business
Scope
Working capital and purchase of equipment
Target Group
Sarawak entrepreneurs with a valid trading license in all types of business such as retailing, F&B, tailoring, bridal, IT, saloon, online business, etc. Business does not include agriculture (upstream).
Eligibility
- Entrepreneurs with a valid trade license
- At least 6 months in business
- Sarawakian B40 entrepreneur
Loan Limit
Amounting from RM1,000.00 to RM10,000.00
Interest Rate
Zero Interest (2% management fee – one-off payment)
Period of Loan
Maximum 36 months (3 years)