TEMAN TEKUN Financing
Scheme Conditions

Based on the group concept in providing financing facilities that are easier, faster and more efficient to business needs.

• Bumiputera or Indian community (through the SPUMI Fund)
• Aged 18 – 60 years old
• Been operating businesses or have proposals or plans for business ventures with potential and viablility
• Possess licence / permits / Business Registration (SSM) that are valid
• Having a specific business spot / location or mobile business
• Existing business financing does not exceed RM50,000

• Repayment period of up to 5 years
• Form a group of 5 trustworthy members (males or females) and undergo the basic training of TEKUN Nasional financing
• Attend the TEMAN meeting every week at business premise / TEKUN branch office / appropriate locations with TEKUN officers
• Repayments on a weekly basis
• Coverage under Financing Insurance and Life and Accident Insurance
• A 4% TEKUN Management Charge from the financing value each year throughout the financing period
• Savings of 5% from the financing value each year.

• Collections are made during group meetings every week.
• The Group Leader will help collect payment of each group member before submitting to the TEKUN Officer.
• Implementation based on the concept of security and cooperation among group members.