Tengku Abdullah: Successful entrepreneurs are those who use loans wisely

RAUB: Entrepreneurs, whether big or small, who used business loans the right and proper way are capable of being a success story, said Tengku Mahkota Pahang Tengku Abdullah Sultan Ahmad Shah.

He said whether the loan taken was big or small, the enterpreneurs should spend the money wisely as it would make thier businesses grow.

“However, if they use it for other purposes or for non-essential deeds, then they are doomed to fail,” he said.

For example, Tengku Abdullah said there was an entrepreneur who started his business with a loan of RM1,000 from the Tabung Ekonomi Usaha Niaga Nasional (Tekun).

“He used the money wisely and never defaulted in repayments. The company was then offered additional loans for expansion and now the company is in a strong position. If business loans are wrongly utilised or badly managed, any company would collapse,” he said.

He added that the business loan were good opportunity for entreprenuers either start or expand their businesses.

“The business loan opportunities are widely opened for them to run their business. The Government has several agencies to provide the loans for them and it is up to them either to benefit from the opportunities given or otherwise,” Tengku Abdullah said after the official opening of the Pahang entreprenuers information road show programme recently.

Also present were Agriculture and Agro-based Industry Minister Datuk Seri Ismail Sabri Yaakob and Pahang Entrepereneurship, Cooperative and Comsumerism Committee chairman Datuk Shahiruddin Ab Moin.

Tengku Abdullah said the Tekun business fund would be expanded to provide the loan to the hard core poor and the “asnaf” group (the poor people who are entitled to receive tithe money).

He said Tekun should coordinate and cooperate with Pahang Islamic Religious and Malay Custom Council (Muip) to assist them financially.

Tengku Abdullah said Muip had coordinate with Giat Mara to provide courses on skills and entrepreneurship to the hard core poor people and Tekun could play similar roles in this joint effort.

“Muip will then identify the hard core poor people who need help and Giat Mara will assist. After the trainees complete the courses, I hope Tekun will help by providing loans to them to start their business,” Tengku Abdullah said adding that the programme would start soon.

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Business , tekun


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