SME Corp chief executive officer Rizal Nainy
KUALA LUMPUR: SME Corporation Malaysia (SME Corp) has launched the Business Accelerator Programme (BAP) Alternative Financing Programme 2025, a new financing programme designed not just to lend but also to reward small and medium enterprises (SMEs).
With an allocation of RM35 million through its collaboration with microLEAP, the shariah-compliant P2P (peer-to-peer) financing platform regulated by the Securities Commission Malaysia (SC), the scheme offers SMEs up to RM400,000 in financing at 3.5 per cent per annum, with the opportunity for up to 40 per cent of the financing to be converted into a grant if repayment is timely.
