Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.
PETALING JAYA: Malaysia Debt Ventures Bhd (MDV) plays a key role in the local technology financing ecosystem in advancing the Government’s initiatives to promote a technology-based economy that operates in a sustainable manner, said its chief executive officer Nizam Mohamed Nadzri.
He said since its inception, MDV has disbursed approximately RM11.5bil in financing from its three funds to almost 750 technology and technology-based companies in the country.
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