SME Loan Scheme (KSME) for Chinese SMEs
Prime Minister Datuk Seri Najib launched the
Kojadi SME Loan Scheme (KSME) for Chinese SMEs. The
fund, set aside under Budget 2015, will be managed by
Koperasi Jayadiri Malaysia (Kojadi) – a cooperative of MCA.
It will offer qualified businesses access to
loans between RM50,000 and RM250,000 at an interest rate of
Najib said with the programme in place, the
SMEs would be able to grow to reach the targeted 41% of the
country’s Gross Domestic Product.
The Prime Minister said Kojadi was chosen
because of its “five-star rating with a good track record”.
He noted that Kojadi had been giving out study loans and
recording a low 1.7% for its non-performing loans.
MCA president Datuk Seri Liow Tiong Lai said
the cooperative, set up in 1981, had nearly 62,000 members
and provided study loans amounting to over RM239mil to
It is ranked 59th among the top 100
cooperative societies in Malaysia and the 20th best
cooperative in terms of asset or turnover, he added.
Koperasi Jayadiri Malaysia Berhad (KOJADI)
11th Floor, Wisma MCA,
163 Jalan Ampang,
50450 Kuala Lumpur.
Tel : 03 – 2161 6499
Fax : 03 – 2161 2840