Applicant for Mara loan given the run-around

  • Nation
  • Saturday, 28 Aug 2004

UTUSAN Malaysia carried the woes of a Mara trust fund applicant who blamed the red tape in the statutory body for his difficulty in getting a loan. 

Writing under the pseudonym Pemohon Kecewa, the reader from Taiping, Perak, said he was a former participant of Mara’s entrepreneur course. 

He said at a time when jobs were now hard to find, he chose to be self-employed or, in other words, to become an entrepreneur in response to the government’s advice to unemployed graduates. 

He said Mara succeeded in inspiring the participants to become entrepreneurs and convinced the participants that they could get the funding upon completion of the course if they have an ongoing project. 

He added, however, it did not seem to be like that when he applied for a loan. 

Relating his experience, the writer said he applied for a loan in mid-June and had expected it to be processed within a month and to get the cheque two weeks after that. 

After two months he called the district Mara office and was told that the headquarters would decide on his application. 

“Impatient, I called the state Mara office on Aug 16 for confirmation and was told that my application was still at the office and would only be sent to the headquarters the following week,” he said. 

While he waits for the funding, he said, he has to pay his shop rental since Mara had made it a condition for its prospective entrepreneurs to sign a three-year contract with the landlord. 

“I have been paying rent for three months without being able to conduct my business due to the lack of capital,” he said, adding thattaking a long time to process applications would only stifle the spirit of potential entrepreneurs.  

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