YOUNITY Program

(Young Entrepreneurship Engagement Talents)

Introduction

A special program designed for youth who would like to venture in entrepreneurship and interested in franchising and pre-franchise. YOUNITY Program participants will be given the opportunity to participate in a structured training program, financing support and will be monitored for six (6) months after commencing of business.

Objectives

To provide financing assistance and structured training program for youth whilst introducing them to entrepreneurship and franchising
To provide guidance monitoring and mentoring for participants to ensure successful ventures. A business monitoring and mentoring sessions carried out for 6 months after commencing of business

Criteria

Participants Criteria
21 years old- 40 years old (Men and women) The major shareholder (s) must be youth and hold a minimum of 60% shares in the company
Company Criteria
Financing eligibility criteria Franchisee are as follows: Entrepreneur is the owner / operator of business The business must be Shariah Compliant Letter Offer from Franchisor Financing application through Sdn.Bhd company for financing above RM 250,000. However, financing application by Sole-proprietorship, partnership, Limited Liability Partnership (LLP) are limited up to RM 250,000 only. 100% equity owned by Bumiputera Customer must have good credit record and subject to PNS credit criteria	Financing eligibility criteria BIT Pre-Francisee are as follows: Entrepreneur is the owner / operator of business The business must be Shariah Compliant. Letter Offer from Franchisor Financing application is limited up to RM 25,000 100% equity owned by Bumiputera Customer must have good credit record and subject to PNS credit criteria.

Financing Structure

Financing Mode

Islamic Financing (Tawarruq concept)

Financing Size

Up to RM500,000

Margin Financing

Up to 90% from total project cost

Profit Rate

3.75% per annum

Financing Tenure

Up to 7 years

PROFILE

ORGANISATION

CLIENT CHARTER

FRANCHISOR

FRANCHISEE

BUSINESS IN TRANSFORMATION (BIT)

Food Truck Scheme

PROGRAM SISWAZAH

SWEET PROGRAM

YOUNITY PROGRAM

FRANCHISE INSTITUTE

EQUITY INVESTMENT

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YOUNITY Program