He said under the micro financing programme, the hawkers and petty traders can apply for Syariah-compliant microcredit financing with a zero percent profit rate from Bank Rakyat.
The programme offers microcredit financing of between RM10,000 and RM50,000 with a repayment period of up to five years, he said when launching the 2021 Keluarga Malaysia Hawkers and Petty Traders Day and the National Night Market Transformation Programme here on Friday . "No profit rate will be imposed on the applicants, only a management cost of one percent will be charged on their collection,” he said.
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