Posted on November 11, 2008 - by James

Kuala Lumpur: BNM launches USD 56.5m Fund for Micro Enterprises

KUALA LUMPUR: Bank Negara Malaysia (BNM) has launched a RM200 million Micro Enterprise Fund to increase access to micro financing for micro enterprises with viable businesses, in this current more challenging business environment.

“Given that a significant percentage of SMEs in Malaysia are micro enterprises, adequate access to financing for this segment of businesses is vital so as to enable them to contribute to the economic development of the nation,” the central bank said in a statement yesterday… [click here to read the rest of this article...]