TemanNita Financing Scheme Conditions

Published on: 04/03/2017
Updated on: 12/04/2018


To help women entrepreneurs obtain group financing easily, quickly and efficiently for business purposes.

Eligibility Requirements

  • Bumiputera & Female.
  • Aged 18 – 60 years old.
  • Must be running a potentially & viable business venture.
  • Possess a valid licence/ Permit/ Business Registration (SSM).
  • Permission to use licence/ permit issued by the Municipal Council for financing of RM 5,000 and below should the applicant fail to provide business registration (SSM) in Sabah and Sarawak.
  • Have a dedicated business premise/ location or mobile business.
  • Existing business financing with other financial institutions does not exceed RM 50,000.

Financing Requirements

  • To form a group of five (5) entrepreneurs (WOMEN) among trusted contacts/ business partners, immediate family members are not allowed in a group.
  • Group members cover a wide range of legitimate business activities.
  • The business of group members must be within close proximity with one another in a range of LESS than 10 kilometers and depending on the locality of the group’s businesses.
  • Repayments made weekly/ fortnightly/ monthly/ PD Cheque.
  • Attend weekly meetings at business premise/ TEKUN Branch Office/ suitable venue with the TEKUN officer.
  • Group Overlap Financing after 1 year with half of the financing balance is allowed.
  • To attend the Basic Entrepreneurship Seminar (SAK) of TEKUN Nasional.
  • Protection under Takaful Insurance (Financing) and Life & Accident Insurance.
  • TEKUN Management Charge of 4% from the annual financing value throughout the financing period.
  • Compulsory deposit of 5% from the annual financing value.

Financing Amount and Period

  • First financing from RM 1,000 to RM 10,000.
  • Further financing of up to RM20,000.
  • Financing period between 6 months to 5 years.

Repayment Methods

  • Based on the concept of guarantee & cooperation among group members.
  • Collections made during the weekly group meetings.
  • Pledges are read individually or in groups at each weekly meeting.

*Subject to the financing terms and conditions of TEKUN Nasional.