How MyCIF Uses P2P Financing To Support Social Enterprises, SMEs and Micro SMEs

Chai Kien Poon, Country Head, Funding Societies Malaysia

01-Aug-23 13:30

How MyCIF Uses P2P Financing To Support Social Enterprises, SMEs and Micro SMEs

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Under Belanjawan 2023, an additional RM40 million has been allocated to the Malaysia Co-Investment Fund (MYCIF) to further enhance the liquidity of equity crowdfunding (ECF) and peer-to-peer (P2P) markets in a bid to better serve the financing needs of this important segment of the economy.

We take a closer look at P2P financing and the MyCIF facility, including why, how, and when SMEs and Social Enterprises should tap into this for their financing and working capital needs, with Chai Kien Poon, Country Head of Funding Societies Malaysia.

Learn more about Belanjawan 2023 at https://belanjawan.mof.gov.my/manfaat/

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan

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Categories: politics, government, markets, Corporates, SME, entrepreneurs, financial wellness, young finance

Tags: p2p financing, financing, bank loans, msmes, belanjawan 2023, micro smes,

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