Ewon visits TEKUN National

16 December 2022

By Wartawan Nabalu News

KUALA LUMPUR: Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick visited and attended a briefing by the National Business Group Economic Fund (TEKUN), at the agency's office, here, yesterday.

Tekun Nasional is one of the agencies under the Ministry of Entrepreneur Development and Cooperatives (KUSKOP).

The other agencies are the Cooperative Commission of Malaysia (SKM) the Cooperative Institute of Malaysia, SME Corp Malaysia, Bank Rakyat, SME Bank, UDA Holdings Berhad, Amanah Ikhtiar Malaysia (AIM), the Institut Keusahawanan Negara dan Perbadanan Nasional Berhad (Pernas).

Also present at the briefing were Deputy Minister of Entrepreneur Development and Cooperatives Saraswathy Kandasami and the ministry's Secretary General Dato' Sri Suriani Ahmad.

Ewon said, Tekun Nasional is one of the popular and main choices not only for small traders but also contractors because of the easy and fast loan process.

"Tekun Nasional not only provides micro financing but also guidance and support services and an entrepreneurial culture.

"I will continue to give the best possible cooperation to Tekun Nasional in an effort to defend and further develop small and medium-sized traders in this country who really need help from the government through loans or support programmes provided by Tekun Nasional," he said after the briefing.

So far, Tekun Nasional has 170 offices operating in 222 Parliamentary constituencies across the country.

Ewon said that Tekun Nasional will hold a 25-year celebration in 2023 and will certainly be a source of pride for all the people of this country, especially traders and entrepreneurs because Tekun Nasional is one of the agencies that help them succeed in entrepreneurship.

Meanwhile, the Managing Director and Chief Executive Officer of Tekun Nasional Dato Adam Abd. Ghani said that Tekun Nasional provides financing ranging from RM1,000 to RM100,000 with financing periods from six months to 10 years.

He said, the payment method is also customer friendly with various options including internet banking, cash deposit machine, check or cash.

"In terms of Tekun Nasional's achievements, since 1998 until November 2022, Tekun Nasional has financed loans amounting to RM8.01 billion to 736,528 entrepreneurs," he said.

Adam said that for this year alone, which is January to November, Tekun Nasional has given loans amounting to RM1.06 billion to a total of 70,463 entrepreneurs throughout Malaysia.

"From the total amount of financing this year, Selanggor recorded the highest number of borrowers of 12,043 entrepreneurs with a financing value of RM180,781,800, followed by Sabah with financing of RM137,209,000 (8,988 borrowers)," he said.