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Thursday July 3, 2014 MYT 12:00:00 AM
Thursday July 3, 2014 MYT 7:56:36 AM
by martin carvalho
Financial boost: Chong (centre) with some of the 1MCA Micro Credit applicants after the cheque presentation ceremony. They are (from left) Kerk Siew Lin, Ong Yee Peng, Wong Yun Hong and Ng Kit May.
KUALA LUMPUR: More Chinese sundry shop operators are expected to participate in the retail stores transformation programme (Tukar) following MCA’s intervention to attract more from the community to benefit under the programme.
“Chinese sundry shop operators have not been so proactive in participating in the Tukar programme. This was because, under the programme, they were required to get their supply from a single source while contractors engaged to renovate and upgrade their shops were also fixed,” said MCA Youth chief Chong Sin Woon.
He said this at a press conference after presenting cheques totalling RM80,000 to recipients of MCA’s Micro Credit Loan Scheme at Wisma MCA yesterday.
He said the party had intervened in the matter, with the Government agreeing to allow Kojadi, the MCA-linked cooperative, to handle the programme with regard to the Chinese community.
“Kojadi has stepped in to help facilitate the Tukar programme and now sundry shop owners under it will be able to choose their own goods suppliers and contractors for renovations,” he said, adding that successful applications would have the loans channelled directly to the suppliers and contractors to avoid abuse.
He also said the programme would be extended to cover those who were interested in setting up a sundry shop business.
In 2012, Chong said that only 33 Chinese sundry shops were modernised under the programme through loans totalling RM2.55mil, adding that only 14 sundry shop owners had applied for the programme since 2013 with loans totalling RM910,000.
The Tukar programme was launched in February 2011 aimed at modernising traditional and existing sundry shops to enhance their competitiveness in the retail sector.
As of May this year, some 1,228 traditional sundry shops have been transformed under the Tukar programme, with successful applicants provided with an RM80,000 15-year repayable loan to source goods and carry out renovations to their premises.
On a separate matter, Chong said 1,037 Chinese youths had benefited under the 1MCA Micro Credit Loan Scheme with loans totalling RM17.98mil given out under the scheme from 2012.
Tags / Keywords:
Government, Nation, MCA, Kojadi, Tukar, Micro Credit, Chong Sin Woon
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