BizWanita-i

Objective

BizWanita-i is a direct financing scheme to cater specifically for women entrepreneurs that business is less than 4 years in operations utilising the BNM’s Fund for SMEs – All Economic Sectors (AES) Facility.

The funds are designed to facilitate greater access to financing for viable SMEs.

Purpose of Financing

  • Working capital; and/or
  • Asset acquisition (i.e. purchase of machinery, purchase of equipment and business premises renovation).

Financing should not be used for:

  • Purchase of shares;
  • Refinancing of existing credit/financing facilities;
  • Purchase of land/real estate investment;
  • Property development;
  • Investment by investment holding companies;
  • Activities where the stock in trade is money (including credit, leasing, factoring and insurance businesses);
  • Gambling, alcohol, tobacco or other similar activities/products; and
  • Non-Shariah compliant activities.

Eligibility Criteria

  • Meet the SME Corporation Malaysia’s definition of an SME (for details, please click here);
  • Must be a Malaysian-controlled and Malaysian-owned (at least 51% shareholding) company or business and must reside in Malaysia;
  • Company or business of which at least 51% shareholding is owned by a woman/ women and the key person is a woman at point of application;
  • Business has been registered and/ or in operations for less than 4 years;
  • Key person/ successor’s age must be at least 21 years old at the point of application and maximum of 65 years old upon full settlement;
  • Business is registered with Companies Commission of Malaysia (SSM); or authorities/district offices in Sabah and Sarawak; or statutory bodies for professional service providers;
  • Shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs shall not exceed 20%.

Financing Amount

  • Minimum : RM30,000
  • Maximum : RM300,000

Type of Facility

  • Term Financing

Financing Rate

Effective Profit Rate: 6.80% p.a.

Financing Tenure

  • Up to 5 years

Application Procedures

  • Application form is available at all CGC’s branches or Click here to download Application Form.
  • The complete application form together with all supporting documents can be submitted to any CGC branches.