“After we received the financing, we were able to upgrade our facility, move to a bigger space, purchase more plastic to recycle, and bought new machinery.”
Abbn Recycle | Recycling
Pasir Pekan, Kelantan
Muhammad Abu Bakar Zainoddin
Nuri Aziz
A chance meeting at an airport with Muhammad Abu Bakar Zainoddin’s father and a CGC branch manager led to his and Nuri Aziz’s first CGC offering, a BizMula-i financing. The husband-and-wife team’s attempts at acquiring a loan from banks were not successful, so they are grateful for this opportunity to grow their business. The couple were two years into their new business, hoping to obtain capital to grow. They are impressed with the service provided, as CGC has helped them a lot with visits and checks before the financing was approved. So, they have recommended a friend in the transport business to approach CGC as well.
“After we received the financing, we were able to upgrade our facility, move to a bigger space, purchase more plastic to recycle, and bought new machinery.” With the additional funds, they could also venture further to purchase raw material throughout the state.
In addition, they managed to sign up as an exclusive buyer for plastic waste with several companies and agencies. These included Kilang Budu Cap Ketereh, Majlis Perbandaran Besut, Sinaran Metal, RY Metal, Kami Recycle and several scrap metal firms around Kota Bharu.
Says Nuri, who had previously worked with her husband in her father’s scrap metal recycling company for almost seven years, “I have known about this business since I was a child, as my father has been running his business for 28 years.” After gaining enough experience, it was natural for the newly-wed couple to open a business together in 2016.
Their second financing access, BizWanita-i, has been approved and is awaiting disbursement. Nuri foresees great business development potential, as the need to recycle used material is established now. Moreover, people are becoming more aware of the importance of recycling. She hopes to expand her business further to venture into Acrylonitrile Butadiene Styrene (ABS) recycling, including scrap metal and related materials. “No other firm has done this in Kelantan yet, so we hope to be the first.”