TWENTY entrepreneurs under the Projek Titian Saksama Rakyat (PTSR) micro-credit loan scheme attended the first day of the Pre- Business Coaching programme at the Penang Development Corporation.
Dr Abdul Malik Abdul Shukor, the programme facilitator, said one of its purposes was to help participants understand the importance of certain basics, such as accounting and simple management like filing.
He said the programme should enable the participating business owners to use effective countermeasures when faced with challenges in business.
During the five-month programme, Dr Abdul Malik would visit each of the participants’ premises for a one-on-one consultation to help diagnose the firm’s strengths and weaknesses.
Sungai Pinang assemblyman Lim Siew Khim, who launched the programme recently, said the participants were selected from a group of 40 entrepreneurs as they showed promise and potential.
She said more similar programmes would be held in Penang to help encourage entrepreneurs.
The PTSR scheme offers loans from RM3,000 to RM10,000, with no interests for first-time borrowers, to those who have been in business for at least six months.
Since 2009, PTSR has given out loans to 2,055 business owners.