Wednesday January 9, 2013
Three traders get business boost with MCA loan scheme
By KIATISAK CHUA
GEORGE TOWN: A 48-year-old night market trader had long wanted to buy a van to help his business grow but did not know how to get financial aid until he approached the MCA for help.
Yesterday, Kung Cheow Teik received an early ang pow when he was given a RM15,000 loan under the 1MCA micro-credit scheme.
“We ply our trade in different night markets every night, so transportation is extremely important to us,” said Kung, who sells curtains.
Another recipient, 43-year-old Teoh Kar Yeow thanked the MCA for a loan that would help expand his agricultural business.
“I have been running my business for the past 10 years and hope this injection of cash will help my business grow,” said Teoh, who received RM20,000.
Antique seller K. Suguna, 29, also could not hide her joy after being given a RM10,000 loan.
“Currently, I am working from home. I plan to use the money to rent a shop and get more antique items to sell,” Suguna said.
The trio received cheques from state MCA deputy chairman Datuk Dr Loh Hock Hun during a ceremony at the MCA headquarters in Jalan Pahang.
Dr Loh said the loan scheme was open to all Malaysians, regardless of race.
“It is to help them to kick-start or revive their business,” said Dr Loh.
“The loans range from RM5,000 to RM20,000.”