Entrepreneur Development Ministry defers RM128.6mil repayment for microcredit loans

PUTRAJAYA: The Entrepreneur Development and Cooperatives Ministry has decided to postpone repayments totalling RM128.6mil for microcredit and entrepreneurial loans involving micro, small and medium enterprises (SME) entrepreneurs in states affected by floods last month.

Minister Datuk Ewon Benedick (pic) said the postponement would involve 65,596 SME entrepreneurs or borrowers in Kelantan, Terengganu, Pahang and Sabah.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

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Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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 deferment , repayment , loan , floods , entrepreneurs ,  Entrepreneur Development and Cooperatives Ministry , Ewon Benedick

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