Introduction
Bumiputera MSMEs Financing Initiative (BMFI) is a project undertaken by SME Corp. Malaysia with the aim to provide better access to financing for Bumiputera MSMEs.
Through this initiative, SME Corp. Malaysia will appoint licensed Financial Intermediaries that are capable to provide innovative and quick short-term financing solution for Bumiputera MSMEs through their digital platforms. The digital platforms are also expected to offer loan facilities that are convertible to grant for eligible Bumiputera MSMEs. In exchange, SME Corp. Malaysia will contribute seed fund of RM15 million to kickstart this initiative.
Requirement for the Financial Intermediaries
Potential Financial Intermediaries must fulfil basic criteria as follows:
- Registered under the Securities Commission of Malaysia (SC);
- Registered with Companies Commission of Malaysia (SSM);
- Syariah-compliant products and services;
- Minimum 3 years operational experience;
- Audited Financial Statement for 3 years;
- Dedicated 24/7 operation team;
- Malaysian based; and
- All necessary cyber security measures and business risk management.
All interested Financial Intermediaries must submit the Request for Proposal (RFP) application form to SME Corp. Malaysia to qualify as potential Applicants.
Applicants are required to complete the online application form and submit the requested supporting documents at https://forms.gle/x3Vqk9VCuWU4rGCd9.
The online application is to be submitted no later than 5.00 pm on 22nd December 2022.
Download Request for Proposal: Bumiputera MSMEs Financing Initiative (BMFI) [PDF]
For enquiries, please email to:
- Nik Syahril Nik Mahmood (This email address is being protected from spambots. You need JavaScript enabled to view it.)
- Rosman Zamri (This email address is being protected from spambots. You need JavaScript enabled to view it.)
Applicants are also required to print and place the application form and supporting documents in a single, sealed envelope and deliver them to the following physical address no later than 5.00 pm on 22nd December 2022:
Attn: Bumiputera Business Development Division
SME Corp. Malaysia
Level 7 Block C, Platinum Sentral
Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur
