YOU'VE BEEN REFERRED TO FUNDING SOCIETIES!
Power Your
Next Move

Funding Societies Micro Financing/-i is a business financing product that offers micro credit opportunities to SMEs. As a business owner, you can utilise the opportunities to maintain cash flow and enhance your business day-to-day. We offer both Micro Financing (conventional) and Micro Financing-i product based on the business activities and needs of the SMEs.

With Funding Societies Micro Financing/-i, you can apply for a financing amount of up to RM200,000 subject to an interest rate (for conventional) / profit rate (for Islamic) of 0.8% - 1.5% per month and a credit period of up to 18 months.

Once you have accepted our offer, we will credit the approved financing amount to you, with applicable fees deducted upfront from the amount.

Depending on your needs and the nature of your financing, you could apply for a credit period/tenure of 6, 9, 12, or 18 months. 

If this is your first time with us, here is a run-through on the application process. You can apply online in just 5 minutes

Step 1: Complete the Application form on our page

Step 2: Submit the documents required for the application

• Copy of all Director(s) NRIC/Passport

• Latest 6-months Bank Statement

• Latest 2 years personal Income Tax Assessment (Optional)
   

Step 3: Check your email for updates on your financing application

Step 4: Accept the approved financing offer from us (if you’re agreeable to the terms)

We will credit the funds into your designated business bank account upon successful funding exercise and your repayment cycle shall begin the following month.

Micro Financing/-i is open to Malaysian SMEs that are formally registered and operating with valid documentation. You may apply if your business is:

Registered with the Companies Commission of Malaysia (SSM)
This includes:
• Sole Proprietorship
• Partnership
• Private Limited Company (Sdn Bhd)

Registered under state ordinances in Sabah or Sarawak
We also accept businesses registered under state-level regulations such as:
• Sarawak Business Names Ordinance 2014
• Local district or municipal councils in Sabah and Sarawak

Online sellers and e-commerce businesses
If you sell through platforms such as Shopee, Lazada, or TikTok Shop, you must still be registered with SSM or the relevant East Malaysia authority. Marketplace platforms do not issue business licences on behalf of sellers, so your own registration is still required.

General eligibility criteria
To qualify, your business must meet the following:
• Minimum 30 percent Malaysian shareholding
• Minimum RM 60,000 annual revenue (or RM 5,000 per month)
• Minimum 6 months in operations
• Not involved in Shariah non-compliant or prohibited activities

If you meet these requirements, you may apply directly online in just a few minutes.

You will need a valid business registration before applying for Micro Financing/-i.

If you operate in Peninsular Malaysia
You must register your business with SSM. This applies to home-based businesses, freelancers, micro entrepreneurs, and online sellers.

If you operate in Sabah or Sarawak
You may be registered under:
• State ordinances
• Local district councils
• Municipal authorities

These registrations are accepted as long as they are recognised by the state government and accompanied by valid documentation.

Why registration matters
Formal registration allows us to verify your business, review your performance, and comply with Securities Commission Malaysia requirements. Without it, we are not able to proceed with Micro Financing/-i.

If your business is currently unregistered, you may register first and reapply once your documents are ready.

If your core business involves the trading of anything on the following list, you may not be eligible for SME Micro Financing/-i :

1. alcohol;

2. gambling;

3. pornography;

4. tobacco and dangerous drugs;

5. entertainment-related companies – such as karaoke lounges serving alcohol, film production houses producing mainly illicit movies, cinemas that typically screen entertainment-related movies;

6. pork and its by-products;

7. food items that are prohibited under the teaching of Islam such as frogs, snakes, crocodiles;

8. shariah non-compliant massage parlours that allow treatment from the opposite gender;

9. prostitution;

10. interest-based lending, including credit sales with interest charges;

11. conventional insurance and unit trust agencies; and/or

12. production and distribution of idols, statues, and materials and places for worshipping other than Allah.

*Funding Societies is a SME Digital Financing Platform registered with Securities Commission Malaysia. It does not fall under the jurisdiction of Bank Negara Malaysia. Therefore, financing products of Funding Societies should not be constructed as business loan, SME loan, micro loan, term loan or any other loans offered by banks in Malaysia and it is to be deemed as an investment note as defined in the Guidelines on Recognised Markets.

Just like any other financing product, the following fees/charges will be applicable:

Micro Financing-i

• Drawdown Fee: 5% of the approved financing amount, deducted upon disbursement. 

• Guarantee Fee: 5% of the approved financing amount, deducted upon disbursement.

Micro Financing(Conventional)

• Utilisation Fee: 5% of the approved financing amount, deducted upon disbursement. 

• Guarantee Fee: 5% of the approved financing amount, deducted upon disbursement.

Micro Financing-i 

Late Payment Charges, comprising Compensation (Ta’widh) and Penalty (Gharamah), will be applied under the following conditions:

• For default payments before and after the maturity date: Compensation (Ta’widh) may be imposed at the rate of 1% p.a. on the overdue balance, which includes the overdue principal and accrued profit. Funding Societies may impose both Compensation (Ta’widh) and Penalty (Gharamah) as Late Payment Charges, subject to a maximum rate of 10% p.a.

Micro Financing (Conventional) 
If you are late in making your repayments, the following fees/charges will be imposed：

• Late Penalty Fee: RM200 per repayment cycle
• Late Interest Fee: 0.1% per day (non-compounded) on the amount in arrears

Early repayments are always encouraged, as SMEs are able to save more on interest and profit shared.

For Micro Financing (Conventional), the early repayments are subjected to a 2% early repayment fee on the remaining principal amount to partially compensate our investors on the loss of their residual interest.