PROSPER TERAS Programme is developed to grow and assist Bumiputera retail entrepreneurs to increase their participation in the nation's economy sector and contribute to the creation of a high income nation by 2020.
Objectives:
·
To improve the standards of
Bumiputera retail entrepreneurs through effective product selections &
layout and the application of an integrated system to operate their business.
·
To provide exposure to Bumiputera
entrepreneurs on business strategies and the application of an organised &
systematic operations and management methods.
PROSPER TERAS Programme includes:
1. Financing
The type of financing provided to assist business expansion
are:
·
Shari’ah based financing in form of
cash for premise renovations, working capital and any related business
objectives.
·
Shari’ah based financing for
purchasing fixed assets, stock goods and other necessary related assets.
·
Total financing from RM50,000 up
to a maximum of RM500,000
·
Financing tenure from 2-7 years
·
Capital contribution at least 10%
from total project cost
2. Business Services
PUNB also provides the following services:
·
Business
Advisory & Monitoring
Provides business advisory & monitoring the company’s
operation and administration to develop an excellent corporate governance
organisation.
·
Entrepreneurial
Development & Training
Provides courses and trainings which includes business and
financial management, marketing, corporate governance and motivation
·
Business
Networking
Assists in providing opportunities for entrepreneurs to
widen their business networks through identified programmes and activities
Eligibility Criteria
1. Entrepreneur
·
Bumiputera
·
Age 18 and above
·
Have good entrepreneurial
characteristics such as honest, confidence, resilient, optimistic, creative and
self discipline
·
Willing to attend identified courses
·
Satisfactory financial record with
financial institutions
·
Willing to work full time
2. Business
·
100% Bumiputera owned business
·
Business type: Private, Partnership
or Private Limited (Sdn Bhd)
·
Existing business and has been
operating for at least 1 year
·
A profitable business
Eligible Business Activities
·
Automotive
·
Hardware
·
Telecommunication
·
Professional
·
Mini market (High scale)
·
or any sub-sector retail industry
that has high commercial value
Application Proccess
·
Step 1 - Registration &
entrepreneur suitability assessment test
·
Step 2 - Business plan workshop
(optional)
·
Step 3 - Business plan submission &
initial evaluation
·
Step 4 - Business proposal
presentation
·
Step 5 - Financing approval
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