Social Enterprise Financing Scheme (SEFS)

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Social Enterprise Financing Scheme

Social Enterprise Financing Scheme (SEFS) provides financial assistance to Aspiring Social Enterprise ("Aspiring SE"), Basic Social Enterprises ("Basic SE") and Accredited Social Enterprises ("Accredited SE") recognized by Ministry of Entrepreneur and Cooperatives Development (MECD) to finance the acquisition of asset and / or working capital requirements.

Purpose

Machinery / equipment acquisition
Working Capital requirement including financing of documentation fee and stamp duty, Takaful contribution (if applicable) and 3 months Financing Servicing Reserve Account ("FSRA").

Eligibility

Business entity that meets the definition of MSMEs by SME Corp and Cooperatives.
Registered with MECD as Aspiring SE, Basic SE and/ or Accredited SE; with documentary evidence at the point of financing application; and
The Company has been in operations for at least one (1) year.

Financing Facility(ies)

Commodity Murabahah Term Financing-i (CMTF-i)
Ijarah Thummal Bai’ (ITB) Financing

Financing Limit

Minimum : RM100,000.00
Maximum : RM500,000.00

Note:
The above is applicable for MSMEs with common shareholder(s) of equal to or more than 20% shareholding.

Profit Rate

Micro and Small Enterprise	Medium Enterprise
3.0% fixed per annum (reducing balance)	4.0% fixed per annum (reducing balance)

Margin of Financing

Machinery / Equipment :

Segments	Margin of Financing
Micro and Small Enterprise	New: Up to 90% Used/Refurbished/Recond: Up to 80%
Medium Enterprise	New: Up to 80% (for new) Used/Refurbished/Recond: Up to 70%

Working Capital : Up to 100%

Financing Tenure

Machinery / Equipment
- New : Up to 7 years
- Used / Refurbish / Recond : Up to 5 years
Working Capital : Up to 5 years

Collateral

Purpose of Financing	Descriptions
Machinery / Equipment	Specific debenture on asset being financed (where applicable). 3 months FSRA (owner commitment)
Working Capital	3 months FSRA to be deducted from the approved financing amount prior to utilization of the facilty.

Purpose of Financing

Descriptions

Machinery / Equipment

Specific debenture on asset being financed (where applicable).
3 months FSRA (owner commitment)

Working Capital

3 months FSRA to be deducted from the approved financing amount prior to utilization of the facilty.

Takaful

Takaful / insurance coverage is mandatory if the asset is given as security for the financing (if applicable). You have the option to select the service offered by our panel Takaful operators or non-panel Takaful operators.