KUALA LUMPUR: The micro-financing scheme launched by Bank Negara two months ago to help small enterprises and individuals may spell the death of the Ah Long, or loan sharks.
The scheme, now being offered by three banks – Public, CIMB and RHB – will allow loans of between RM500 and RM50,000 and the borrowers will only need to show minimal or no collateral to obtain the money.
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