Regional markets slump, KLCI falls more than 25 points
Ringgit set for worst day in six months; Greek woes hit Asia FX
Tradewinds Plantations 1Q net profit tumbles 91.1% to RM4.34m
MISC falls on widening losses, grim outlook
M'sians abroad keen to vote with transparent process and secure mechanism
Squash: Nicol advances into British Open second round
Dr M: Bar Council has become political party
DPM: Over 24,000 teachers to be considered for promotion
Categories
| CGC, StanChart launch new scheme for women entrepreneurs |
| Business & Market 2009 | |||
| Written by Financial Daily | |||
| Friday, 23 October 2009 10:56 | |||
|
In a joint statement yesterday, the institutions said through the scheme, they aimed to disburse RM100 million in the next 18 months to enable women entrepreneurs to accelerate their participation in economic development. The scheme offers a term financing facility of between RM100,000 and RM500,000, which provides working capital and financing of SME asset acquisitions. CGC will act as the guarantor, offering partial guarantee cover to the loan. It is open to women whose businesses have been operating for at least five years and are seeking to expand. Citing a research, they said there were close to 83,000 woman-owned enterprises, mainly in services, manufacturing and agriculture sectors. CGC’s managing director Datuk Wan Azhar Wan Ahmad said: “With increasing participation of women in the business sector, not only the demand for financing will see an increase but also quicker disbursement of funds.” “We hope to address these issues through our strategic alliance with Standard Chartered Malaysia, offering a new source of financing for women entrepreneurs and at a much faster rate as the customers eligible for this scheme are pre-selected based on certain criteria.” This article appeared in The Edge Financial Daily, October 23, 2009.
|
|||
|
|