Micro Financing/-i

Small business
financing simplified

  • Financing up to RM200k in less than 5 days

  • Rates between 0.8% - 1.5% per month

  • Tenure up to 18 months

  • Shariah financing is available

 

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Collaborative partnership with

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Empowering Malaysia's SMEs

 

"The Government welcomes Malaysian start-up companies like PolicyStreet, Dropee, Lapasar, and Funding Societies, which can act as catalysts of change in the MSME sector by offering alternative financing options, such as equity crowdfunding."

Perdana Menteri Malaysia, Majlis Peluncuran Ekonomi Madani, 27 Julai 2023 (1)

 

Micro Financing/-i is open to

  • 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
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The Micro Financing/-i
solution for your
business needs

Fast

Apply online and get approved in as little as 15 minutes (beta)*. Funds are disbursed within the next two working days after acceptance.

 

Transparent Pricing

We charge a one-off utilisation and guarantee fee upon disbursement and a regular rate. There are no hidden fees.

 

Simple Documentation

You only need to have 2 basic business documents at hand, for your financing application.

 

No Collateral

We focus on your business potential instead of your assets.

 

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Why Funding Societies?

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Registered with Securities Commission Malaysia
handshake icon-2
Largest SME
Digital Financing Platform
in Southeast Asia
money
Disbursed more than
RM 18 billion to over
5 million notes
human
More than 300,000
registered Investors
across SEA
safe
Investors' funds managed by Malaysian Trustees Berhad

How to apply?

1
Complete the application form

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

2
Financing offer

We will review your application and make a tentative offer within 2 working days.

3
E-sign contract and receive funds

After your financing has been approved,
simply e-Sign the contract and receive the funds 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

Our Customer Success Stories

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Frequently asked questions

  • What is Micro Financing/-i?

    unding 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.

  • How does Micro Financing/-i work?

    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. 

  • How long is the credit period?

    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. 

  • How do I apply?

    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.

  • Are there any fees and charges?

    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.
  • What if I can’t make my payments on time?

     

    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
  • Can I make an early settlement?

    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. 

  • What criteria can I use to determine whether my business is eligible for Micro Financing-i?

    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.