PG Signing with BSN
CGC and Bank Simpanan Nasional (BSN) signed a Portfolio Guarantee (PG) agreement to provide RM 50 million worth of financing to micro enterprises on Thursday 8 August 2019 at Wisma BSN, Kuala Lumpur. This is the second agreement established between CGC and BSN in support of micro enterprises, the first PG being in May 2017. This financing scheme is aimed to assist micro entrepreneurs with their working capital and for asset acquisition. This PG will allow eligible micro enterprises to apply for either the Islamic or Conventional financing facilities from BSN with a minimum of RM5,000 and up to a maximum of RM 50,000 for tenure of up to 5 years. CGC will be providing a guarantee of up to 70% of the approved financing amount for the micro enterprises.