KUALA LUMPUR, Aug 24 — Affin Bank Bhd has extended its collaboration with Credit Guarantee Corporation Malaysia Bhd to launch the third BizDana/-I Start-up financing scheme with an allocation of RM30 million for Islamic tranche and RM20 million for conventional tranche.
As of today, the latest financial scheme BizDana/-I Start-up has disbursed loans worth around RM9 million to 34 applicants. “Normally, for banking facilities, you have to wait for four years . So now we are giving the opportunity for startups at their early stage to get banking facilities with the support of CGC.
Meanwhile, CGC president and CEO Datuk Mohd Zamree Mohd Ishak said the latest financial scheme is another significant collaboration between Affin Bank and CGC as it stays true to CGC’s commitment to serving the Malaysian Micro, Small and Medium Enterprises.
allocate some for cybercrimes scams too...