| FRANCHISE MICRO-FINANCING SCHEME (SPKF) | | | To help entrepreneurs venturing into franchise businesses and generate additional income, the Government through
the Ministry of Domestic Trade, Co-operatives and Consumerism (MDTCC) has introduced Franchise Micro-Financing Scheme which offers a maximum funding up to RM50, 000.
The scheme provides financing to prospective entrepreneurs to venture into micro-franchising which offers systematic and less risky businesses. | | |  | Objective | | | - The scheme aims to provide small financial assistance (micro-franchising) to the local franchisee of low and middle income with a maximum financing up to RM50, 000.
| | | | | | Criteria for the Franchise Micro-Financing Scheme | | | | | | 1. | 21 years old and above and not more than 65 years on the date of application; | 2. | Open to local franchisees with a local franchise businesses registered with Registrar of Franchise under Section 6 of Franchise Act 1998; | 3. | Application should be made through a limited company / partnership / enterprise; | 4. | Applicants are entrepreneurs who are owners / operators of the business; | 5. | Has letter of offer from the local franchisors; | 6. | Registered with Companies Commission of Malaysia (CCM); | 7. | 100% locally owned business (sole proprietorship / partnership / private ltd.); | 8. | Not blacklisted by financial institutions (*CCRIS record shows outstanding installments not exceeding 2 months); | 9. | Not declared as a bankrupt; | 10. | Did not deal with any proceedings in court; | 11. | Business conducted are shariah-based business; | 12. | Franchise package not exceeding RM50,000 with 90% margin of financing including MRTA, legal fee, other related charges; | 13. | Financing exceeding RM10, 000 must obtain credit takaful coverage appointed by PNS. | | | | | | | | | | | | | | | Terms and Conditions for Franchise Micro – Financing Schemes | | | | | | | Financing Size | : | RM 50,000 (Maximum)
RM 5,000 (Minimum) | | Profit Rate | : | 3% per annum on reducing balance | | Financing Tenure | : | Maximum 5 years or based on the Franchise Agreement) | | | | | | | | | | | | | | | Applications | | | | | | | | | Download the application form via: | | | - Franchise Micro-Financing Scheme Form
- List of Franchisors under Franchise Micro Financing Scheme
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| | | | | | | | | Send your application and enquiry to : | | | | | | Perbadanan Nasional Berhad (PNS)
Seksyen Pemasaran, Jabatan Francais,
Level 13, Menara PNS
Tower 7, Avenue 7
Bangsar South City
No.8 Jalan Kerinchi
59200 Kuala Lumpur (Attn: En. Zafrul Azman Azraai) | | |  03 - 2082 7788 | | |  03 - 2082 7787 | | | | | | | | | | | | |
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Last Update : 01 April 2012
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