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

Pause
Embed

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

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

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

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

Today’s Shows

11:00 AM

Best of Enterprise

(REPEAT) We look at why Malaysia is winning the data centre race, with Carlos Garcia Rodriguez from Turner & Townsend.

12:00 PM

Just For Kicks

(REPEAT) We look ahead to Matchweek 13 of the English Premier League, including the big one between first and second - Chelsea vs Arsenal

1:00 PM

A Bit of Culture

(REPEAT) Kam, Matt and Vernon congregate to talk about historians and AI, pasar malams and audiobooks!

2:00 PM

Ringgit & Sense

(REPEAT) Chee Pei Pei, Tax Partner and Private Leader at Deloitte Malaysia explains the ins and outs of family businesses.

2:30 PM

The Property Show

(REPEAT) Theebalakshmi Kunasekaran of the Khazanah Research Institute and Cindy Chew of Thrive Well discuss the aims of Malaysia’s PPR public housing programme, its evolution, and the lived experiences and social support needs within PPR communities.

3:00 PM

Best of The Bigger Picture

(REPEAT) How did a World No. 8 badminton player deal with an injury that set her back for months? Goh Liu Ying shares about the mental health struggles she faced.

4:00 PM

Best of Evening Edition

(REPEAT) We speak to Isabella Pek about orchestras in Kuala Lumpur.

5:00 PM

BBC World Service

This episode of Discovery looks at niche jobs that only animals can do.

PROGRAMMES