Everything You Need To Know About ‘Pinjaman Tekun’
Being an entrepreneur here in Malaysia is not easy especially in our current times. Many young and even old entrepreneurs turn to loan sharks for money to fund their business when they can actually apply for a loan from Yayasan TEKUN Nasional (YTN). What many businessmen might not know is that the Entrepreneur Fund (TEKUN) has already given out up to more than a hundred thousand small loans to more than 100,000 entrepreneurs here in Malaysia.
TEKUN Nasional – Main Objective
Back in the old days, TEKUN Nasional Foundation which is now only known as TEKUN Nasional has been established in Malaysia ever since the 9th of November 1998. The main objective of actually establishing TEKUN Nasional was to serve as a fund which would provide quick financing to bumiputeras here in Malaysia to jump start and even expand their businesses.
Over the years, TEKUN Nasional has been improving itself in not only becoming an organization that only provides finances to businesses in need of capital to expand their operations but they have now also started to cater to the current trends in becoming a strategic entrepreneur development partner for other businesses as well. To summarize what TEKUN Nasional aim is, they are now also known as an institution as helps to provide business opportunities, capital to fund new and existing businesses and most importantly, they are now provide a platform for entrepreneurs to network and build their businesses.
There is of course hopes that TEKUN Nasional will one day be a much more effective and dynamic organization whereby they will be able to fully support and finance all bumiputera owned businesses and create a more stabilized economy in the country.
Types Of TEKUN Financing
This mode of financing is available to you if you are an entrepreneur who is new and if you are in need of capital for your business services regardless if it involves
TEKUN Business Venture
This type of funding is mainly if you are having a joint venture business package with TEKUN Nasional involving a tuition centre, beauty products or even frozen food.
Through TEKUN Business funding, you will be able to gain more working capital and this is mainly for mobile stalls and business which may be in need of capital for their manufacturing and transportation operations.
TEKUN Short Term Financing Package
A short term financing package which ranges within RM 500 to RM 2000 that comes with a weekly repayment method is also available for day to day businesses such as night markets, Ramadhan Bazaars and other businesses involving smaller sales transactions.
Those who are in the agricultural business can now also apply for financing via TEKUN Agriculture as long as they are involved in vegetation and also planting.
Anyone who is in need to capital to grow and expand their tourism business can also apply for this particular financing. You will also be able to use this for financing for other activities such as homestay programmes and agro-tourism activities as well.
TEKUN Animal Husbandry
This financing model serves more to business owners who are planning to start or expand their business in animal husbandry such as rearing animals like goats and cows and breeding fishes, prawns and birds as well.
An Overall View
As a business owner and entrepreneur, TEKUN Nasional has definitely been of great help in business expansions as it covers all the major business sectors in Malaysia. With that being said, if you are a business owner who is aged between 18 to 60 years old with a valid business registration who is need of funding to get your business up and running, TEKUN Nasional is just what you might need to get things started off with.