Sarawak Economic Development Corporation
"PROSPERING SARAWAK TODAY FOR TOMORROW"
SARAWAK MICRO CREDIT SCHEMES 2 (SKMS 2)
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 licence
- At least 6 months in business
- Sarawakian entrepreneur B40 and Micro and Small Entreprises
Loan Limit
Amounting from RM5,000.00 to RM50,000.00
Interest Rate
4% per annum
Period of Loan
Maximum 60 months (5 years)