A total of 2,248 Amanah Ikhtiar Malaysia micro-entrepreneurs scaled up to SMEs this year, as financing reaches RM3.14 billion.
KUALA LUMPUR: A total of 2,248 micro-entrepreneurs under Amanah Ikhtiar Malaysia (AIM) have successfully scaled up their businesses to become small and medium-sized enterprises (SMEs) this year.
Deputy Entrepreneur Development and Cooperatives Minister Datuk Mohamad Alamin said the achievement demonstrated the effectiveness of microfinancing in helping entrepreneurs expand their business capacity.
He said that as of September, AIM, the National Entrepreneurial Group Economic Fund (TEKUN Nasional) and Bank Rakyat had recorded a total of 272,927 financing facilities worth RM3.14 billion for micro-entrepreneurs, including 233,164 repeat financing facilities valued at RM2.63 billion.
