SME Micro Financing /-i

Quick financing for
small businesses

Obtain unsecured working capital
between RM 3,000 to RM 200,000
to fuel your business.

  • Apply within 5 minutes

  • Get the cash in less than 5 days

  • Monthly rates as low as 0.8%

  • Tenure up to 18 months

  • Shariah Compliant Financing is available

Klik di sini untuk Bahasa Malaysia

What is Micro Financing/-i ?

Funding Societies' Micro Financing /-i is a business financing product
that is designed with Micro and Small enterprises' needs in mind.
As a business owner, you can now utilise this financing solution
for better cash flow management and fund business growth.

How can Micro Financing/-i help your business?

Inventory Purchases

For purchase of stocks and inventory so your business can meet demand.

Business Expansion

For that new outlet that you've always wanted but don't have sufficient cashflow.

Equipment Upgrade

Use the extra funds to upgrade that failing 15-year old production machine.

Manpower Hiring
So you have more hands on deck to grow your business.

Boosting cash flow

To close the gap between paying your suppliers and getting paid by your customers.

Urgent Opportunities

So you have enough cash flow to seize that once-in-a-lifetime opportunity.

Just 3 simple steps to apply

Complete the application form

It only takes a few minutes and you can resume at any point within 30 days.

Receive offer within 48 hours

You will receive a tentative offer within 2 working days.

E-sign contract and receive funds

Upon approval of application and the contract e-signed, funds will be in your business bank account.

Apply now

You will need the following documents during this application:

  • 6 months company bank statements

  • Your IC front & back

  • IC front & back of all additional directors

Minimum of RM 3,000 and maximum of RM 200,000

Why Micro Financing/-i is the best solution for you

Fast

2 minutes to apply. As soon as 2 hours for a decision. As soon as 24 hours for funds disbursement.

Fair

Our technology enables us to make decisions that are not based solely on personal credit scores.

Easy Access

Use our web and mobile applications to apply, review and manage your financing.

No Hidden Fees

No early repayment fees. Reduced fees for repeat customers.

Eligibility Criteria

  • Sole proprietorship, partnership, or private limited companies registered with SSM

  • Minimum 30% local shareholding by Malaysians

  • Minimum RM 60,000 revenue per annum (or RM5,000 per month)

  • Minimum 6 months in operations


Got questions? Click the floating bubble at the bottom of your screen to chat with us!

Why Funding Societies?

Registered with Securities Commission Malaysia

Largest SME digital financing platform in Southeast Asia

Disbursed more than
RM 17.8 billion to over
5 million notes

More than 200,000
registered Investors
across SEA

Investors' funds managed
by Malaysian Trustees Berhad

Our Customer Success Stories

We've got you covered

You can obtain lightning fast business through the simple, seamless and powerful FS Micro Financing/-i. We also offer business term financing and invoice financing to serve your needs.

Check out our business solutions

Frequently asked questions

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.

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 which consist of Compensation (Ta’widh) and Penalty (Gharamah) will be charged subject to the following conditions:

  • For default payment before maturity date: Compensation (Ta’widh) may be imposed at the rate of 1% p.a. on the overdue payment and shall not be compounded.
     
  • For default payment after maturity date: Compensation (Ta’widh) may be imposed at the rate of 1% p.a. on the overdue balance (overdue principal and accrued profit). Funding Societies may charge both Compensation (Ta’widh) and Penalty (Gharamah) as Late Payment Charges at 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. 

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.

Indonesia

Pemberi Dana
[email protected]
+62 877 7126 5290

Penerima Dana
[email protected]
+62 877 7873 6144

Unifam Tower, Jl. Panjang Raya
Blok A3 No.1, Kedoya Utara,
Kebon Jeruk, Jakarta Barat,
DKI Jakarta, 11520, Indonesia

Singapore

[email protected]
General Enquiries:
+65 6221 0958

Sales Enquiries:
+65 6011 7534

112 Robinson Road
Level 8
Singapore 068902

Malaysia

[email protected]
Primary contact
+603 9212 0208

Secondary contact
+603 2202 1013

Unit 15.01 & Unit 15.02,
Level 15, Mercu 3,
KL Eco City, Jalan Bangsar,
59200 Kuala Lumpur

Thailand

SME Loan
[email protected]
+66 93 139 9721

Investment
[email protected]
+66 62 197 8661

No. 188, Spring Tower,
10th Floor, Phayathai Road,
Thung Phaya Thai Sub-district,
Ratchathewi District,
Bangkok, 10400

Vietnam

[email protected]
(+84) 28 7109 7896

The Sentry P
16 Nguyen Dang Giai Street,
Thao Dien Ward, Thu Duc City,
Ho Chi Minh City, Vietnam

Dreamplex
174 Thai Ha Street,
Trung Liet Ward, Dong Da District,
Hanoi, Vietnam

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Registered with Securities Commission Malaysia.
Modalku Ventures Sdn Bhd 201601019329 (1190266X)
© 2020 Modalku Ventures Sdn Bhd. All rights reserved. 

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.

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