Kota Kinabalu, 27 March – Credit Guarantee Corporation Malaysia Berhad (CGC) will be organising ‘Klinik Usahawan’ for the SMEs in Sabah on 31st March 2015.
The ‘Klinik Usahawan’ is organised as part of CGC’s overall efforts to create greater awareness of the financing facilities offered by CGC to enable viable SMEs in Sabah to gain access to financing from financial institutions. It is also aimed at creating a avenue for SMEs to meet CGC’s officers to seek further information and other advisory services besides fostering cordial business relationship between both parties.
President and Chief Executive Officer of CGC, Mohd Zamree Mohd Ishak said this initiative is in line with its vision to be an effective financial institution dedicated to promoting the growth and development of competitive and dynamic small and medium enterprises in Malaysia.
“As an intermediary dedicated to SME development, we are focussed on improving our SME outreach through our collaboration with the respective business chambers in Sabah and be able to serve SME segments that needs our financial and other advisory support services,” added Zamree.
CGC’s ‘Klinik Usahawan’ comprised of two sessions. In the morning, there will be a briefing on CGC’s products and loan evaluation procedures for the members of Dewan Perniagaan Melayu Malaysia (DPMM) Sabah. The afternoon session titled ‘Seminar on Business Financing’ is organised for the members of Dewan Perniagaan Bumiputera Sabah (DPBS), Kadazandusun Chamber of Commerce and Industry (KCCI) and The Sabah United Chinese Chambers of Commerce (SUCCC).
Both ‘Klinik Usahawan’ sessions will be held at Bank Negara Malaysia hall at Jalan Lapan Belas, in Kota Kinabalu.
Interested participants are encouraged to contact En. Rozlezam Akop, Head of CGC Kota Kinabalu Branch and Ms. Agnes Vivvy Toisin Deputy Head of CGC Kota Kinabalu Branch at 088-486850 or visit http://www.cgc.com.my/event-calendar/ for more information and registration.
In 2014, CGC has provided RM40 million of financing to about 140 SMEs in Sabah largely in the wholesale, construction and real estate sectors through its two (2) branches in Kota Kinabalu and Sandakan.
As Sabah is a potential growth area for CGC, it is targeting to provide about RM61 million of SME financing in 2015, a 52.5% increase compared to the previous year.
To date, CGC has approved more than 427,800 loans, guaranteeing about RM56 billion. In 2015, CGC targets to provide RM3 billion of financing which is expected to benefit about 7,800 SMEs nationwide.