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YOUNG ENTREPRENEUR FUND (YEF)

Special Financing Fund For Youth

Young Entrepreneur Fund (YEF) is a special fund allocated by the Government as part of its continuous strategy of acculturation and creation of new entrepreneurs among Malaysian youth.

The purpose of this fund is to provide alternative access to the young entrepreneurs in obtaining financing to start their new business as well as for the needs of their existing business.

Financing Concept

Based on Syariah financing concept (e.g. Bai' Inah, Bai' Bithaman Ajil, Ijarah, Ijarah Thummal Bai', Bai' Istisna')

Purpose & Margin of Financing

Working Capital Requirement

Types of Working Capital	Margin of Financing
Working Capital – purchases of raw materials, stocks, overhead cost, advertising & promotion etc	Up to 100%

Note:

Reimbursement is allowed for expenses not more than 3 months old at the point of financing approval

Purchase of Assets for Business Operations

Types of Asset	Margin of Financing
Loose tools, machinery & equipment, office equipment etc
Brand New	Up to 95%
Used / Reconditioned	Up to 70%

Note:

Refinancing is not allowed
Reimbursement is allowed for expenses not more than 3 months old at the point of financing approval

Financing limit

Minimum : RM50,000
Maxiimum: RM100,000

Tenure

Up to 7 years including maximum 1 year grace period

Net Profit Rate

5% per annum (Annuity Monthly Rest)

Eligibility

Malaysian youth between 18 to 30 years of age, owning a business

The business is registered with Suruhanjaya Syarikat Malaysia (SSM) under a sole-proprietorship or partnership firm, or a Sdn Bhd company

For a partnership firm or a Sdn Bhd Company, the youth applicant must hold majority shares of more than 51% AND is the key decision maker

Minimum possession of entrepreneurship / vocational certificate

Those without entrepreneurship / vocational certificate could be considered through the acquisition of entrepreneurship training from Centre for Entrepreneur Development and Research (CEDAR), SME Bank

Start-up companies/firms, defined as in operations less than 1 year, may be considered

Security & Collateral

Security & Collateral	Company	Firms
Security Documents	Joint & Several Guarantee	Facility Agreement
	Facility Agreement
Cash Collateral	Minimum 10% Cash Collateral ( 1 : 10 )