Khazanah – TECH Outreach Micro-credit loans for poorest of the poor

khazanah-tech-outreach-loan
TECH Outreach Malaysia disburses loans to 86 Women In Need (WINs) in the State of Selangor under the Khazanah Grant. Another project under TECH's Savings & Credit Scheme.

 

On Saturday, 1st November, 86 Women In Need (WINs) belonging to the Poorest Of the Poor (POP) category of women, received their micro credit loans from TECH Outreach Malaysia.

These women are funded by Khazanah Nasional Malaysia, and the Savings & Credit Scheme implemented and monitored by TECH Outreach Malaysia. The WINs received their loans at Brickfields Asia College (BAC), under the kind gesture of Mr. Raja Singham, to use the premises of BAC, both for conducting an entrepreneurship management course for the WINs and disbursement of loans on 1st November 2014.

The WINs received RM 2000.00 each to initiate small business ventures to start their food stalls, food catering, sewing, provision shop businesses. They will repay the loans at RM 30.00 per week for period of 18 months under the TECH Outreach Model (TOM), a replication of the Grameen Model.
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