Attention Womenpreneurs, Special Financing by TEKUN is Available for You!

Several government organizations offer business loans specifically for women entrepreneurs. For example, TEKUN Nasional, formerly known as Yayasan TEKUN Nasional, an agency under the Ministry of Entrepreneur Development and Cooperatives, provides quick and easy microfinancing loans of up to RM20,000 for Bumiputera women entrepreneurs. The TemanNita Financing Scheme by TEKUN offers group financing to help women entrepreneurs access funding for their businesses efficiently.

Eligibility Requirements

• Bumiputera & Female.
• Aged 18 – 60 years old.
• Must be running a potentially & viable business venture.
• Possess a valid licence/ Permit/ Business Registration (SSM).
• Permission to use licence/ permit issued by the Municipal Council for financing of RM 5,000 and below should the applicant fail to provide business registration (SSM) in Sabah and Sarawak.
• Have a dedicated business premise/ location or mobile business.
• Existing business financing with other financial institutions does not exceed RM 50,000.

Conditions of TemanNita Financing Scheme

• To form a group of five (5) entrepreneurs (WOMEN) among trusted contacts/ business partners, immediate family members are not allowed in a group.
• Group members cover a wide range of legitimate business activities.
• The group members’ business must be close to one another in a range of less than 10 kilometres and depending on the locality of the group’s businesses.
• Repayments made weekly/ fortnightly/ monthly/ PD Cheque.
• Attend weekly meetings at the business premise/ TEKUN Branch Office/ suitable venue with the TEKUN officer.
• Group Overlap Financing after 1 year with half of the financing balance is allowed.
• To attend the Basic Entrepreneurship Seminar (SAK) of TEKUN Nasional.
• Protection under Takaful Insurance (Financing) and Life & Accident Insurance.
• TEKUN Management Charge of 4% from the annual financing value throughout the financing period.
• A compulsory deposit of 5% of the annual financing value.

Financing amount

• First financing from RM 1,000 to RM 10,000.
• Further financing of up to RM20,000.
• The financing period is between 6 months to 5 years.

For more information on the TemanNita Financing Scheme by TEKUN and the approval process, please visit TEKUN’s website.