Tuesday , 19 February 2019
Home / Business Loans and Funds / YOUNG ENTREPRENEUR FUND (YEF)
3

YOUNG ENTREPRENEUR FUND (YEF)

3

Introduction

Young Entrepreneur Fund (YEF) is a special fund allocated by the Government as part of its continuous strategy of acculturation and creation of new entrepreneurs among Malaysian youth. The purpose of this fund is to provide alternative access to the young entrepreneurs in obtaining financing to start their new business as well as for the needs of their existing business.

Financing Concept

  • Based on Shariah financing concept (Bai’ Inah, Bai’ Bithaman Ajil, Ijarah, Ijarah Thummabai’, and Bai’ Istisna)

Purpose & Margin of Financing

  • Working Capital Requirement

Note:

  • Refinancing is not allowed
  • Reimbursement is allowed for expenses not more than 3 months old at the point of financing approval

Financing limit

  • Minimum : RM20,000
    Maximum: RM100,000

Tenure

  • Up to 7 years including maximum 1 year grace period

Net Profit Rate

  • 5% per annum (Annuity Monthly Rest)

Eligibility

  • Malaysian youth between 18 to 30 years of age, owning a business
  • The business is registered with Suruhanjaya Syarikat Malaysia (SSM) under a sole-proprietorship or partnership firm, or a Sdn Bhd company
  • For a partnership firm or a Sdn Bhd Company, the youth applicant must hold majority shares of more than 51% AND is the key decision maker
  • Minimum possession of entrepreneurship / vocational certificate
  • Those without entrepreneurship / vocational certificate could be considered through the acquisition of entrepreneurship training from Centre for Entrepreneur Development and Research (CEDAR), SME Bank
  • Start-up companies/firms, defined as in operations less than 1 year, may be considered


Menara SME Bank. Jalan Sultan Ismail, 50250 Kuala Lumpur
Contact:

Tel: +603 2615 2020

Fax: +603 2698 1748

Call Centre: 1800 88 3131

 

Sources by : www.smebank.com.my

Check Also

Japan to dispatch largest warship to South China Sea

Tuesday, 14 March 2017   TOKYO: Japan plans to dispatch its largest warship on a …

憨帅花瓶7年赚11亿 ,艾希顿库奇投资Uber太神

星期二,14/3/2017           好莱坞一线男星艾希顿库奇,这几年作品颇少,且罕见地重返小萤幕,然去年他却登上《富比士》封面,被称为「科技业的顶尖投资者」,个人身家达7亿令吉,想当初他出道时,讥他是「男花瓶」的人看了此情此景应该傻眼了,小艾经营副业眼光之精准,让人跌破眼镜。 当初以《猪头,我的车咧?》、《新婚告急》、《饭饭之交》走红的小艾,其实只是中產家庭里的孩子,他10岁时跟爸爸去工地打工,高中时做过清洁工、肉贩与工厂作业员,之后申请进入爱荷华大学生化工程系,因为长得又高又俊俏,在模特儿比赛夺冠,因此入行,当初靠电视演出闯出知名度,甚至於2003年当起电视剧製作人,然小艾在萤光幕上的形象,多被塑造成憨傻的男花瓶,不过他不介意,还表示「智慧被低估反而是有好处的」。 艾希顿库奇没有商业背景,一般人不会把他与「趋势」、「科技」联想在一起,但他不愿被定型,2002年他成立Katalyst製作公司,透过挖角来的数位总监而认识了一些硅谷菁英,他表示来往时,很多人以为他都听不懂,也因此会將很多资讯会毫无防备地说出口,「其实有9成的时间我都很仔细地听」。 2009年,艾希顿库奇就这样听取了硅谷朋友的建议,投资「Skype」,2年后微软以86亿美元(约382亿令吉)买下Skype,让他大赚3倍,又7年前他与玛丹娜的经纪人盖欧瑟利合开「A-Grade」创投公司,投资「Spotify」、「Uber」、「Airbnb」等初创的科技公司,陆续將三千万美金(约13亿令吉)投向70个项目,如今回收约8倍之多,爽赚2.5亿美金(约11亿令吉)。   图文来自:

Leave a Reply

WooCommerce Themes Free
X